I think so too, but like I said, I don't know enough people who've used it, so I can't say if its undeniably true. I created my profile months ago but didn't bother using it, because the PR itself seemed so distant.
Now that it's on the horizon, I am starting to look through LinkedIn postings. Not highly encouraging, but there's quite a few openings in my field - not as much as in the US, but it's something.
Then there's always the option of keeping some funds handy and starting your own venture or something.