They say that people with depression tend to focus on worst case scenarios. Given that you're looking for work after graduation, I'm sure the worst case scenario is less than pleasant. A part of our depression is "reality-based." You are in a tough transition right now. I had lots of depression in high school and college. I'm in my 50s, but the best period in my life was after beginning a significant job which started 5 months after I graduated. Things were so good, I don't recall having much depression for about 8 years (though I was a bit manic at times due to my responsibilities). It could happen to you! And you might want to curtail your news consumption. I listen to a lot of music instead.
Myst