Re: Graduate seeking quick career advice!
You might also consider donating a job or two for one of your favorite charities. It helps you beef up your portfolio, gets you goodwill with the charity involved and allows you to get a bit creative. This may also get people talking about you and lead to pay jobs, either as freelance or employee. As with working with open source projects, this is not something you can afford to do often, but if you're not working anyway, you may have time for one or two of these pro bono jobs. I don't know what your tax laws are like, but here in the US we get some (small) tax benefit from this sort of work as well.
You can also buy a couple domain names and build out your own fun sites. Slap some adsense on them and use them as portfolio sites. You might even make a couple bucks this way!
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