Unfortunately, all the talk is about a "jobless recovery"; for example, the Federal Reserve is worried that the pace of economic "was unlikely to reduce the unemployment rate appreciably." Worse, there's now talk of a "job-loss recovery", where companies continue to shed jobs while growth and/or profits come back.
I'm on record thinking that the job outlook for R&D chemists will pick up in late 2010 -- I don't see any reason (other than pique) to change my opinion. Take that one-year master's or take that postdoc and ride this bad boy out.