A person can last without a job for only so long. At some point, the realities of life have to be addressed. The problem with having an elephant in the room is that it tends not to go away no matter how much you try to ignore it.
When a protracted career hunt has no appreciable results, one option it to take a "gap job"; something you don't intend to keep for a long time, but something to help pay your way as you continue to hunt for the job you want. Unfortunately, many employers avoid hiring overqualified candidates for this very reason. They are well aware of the likelihood that you will not be there for long, so they are much more likely to hire someone who will stay on.
In today's competitive job market there is also little chance of success if the employer considers you to be underqualified. Where does this leave the modern career hunter?
Stay focused on what you know, what you do well, and careers that match your credentials. (See "Pick a Square" earlier this month.) Monitor the number of suitable job postings over the course of a few months in the area where you are thinking of working (before you hand in your letter of resignation to your current employer.) You'll save yourself a lot of time and anxiety.
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