Oh wow - this is hard. Honestly the whole job market is a giant Hoover right now (or a quantum singularity, for you Star Trek fans

). There is work out there, but no jobs, if that makes sense. In other words, as soon as the economy turns around, RNs will have plenty of job opportunities. As soon as the PTB start hiring to fill all the current vacancies.
I disagree that she's being picky by not wanting to be the only RN on a floor full of elderly patients. She would have no one to turn to for a "second opinion" or for "back-up." She is correct - that would not be a good job for her as a new grad.

Even though someone has graduated and passed boards, they can't really teach what someone looks like when they're about to get REALLY sick; you have to experience it. (Yes, you will know once it happens, but you need experience to intervene BEFORE it happens, which is your best chance of saving a nursing home patient, or any patient for that matter.)
Would she consider public health nursing? Working inside the health department, she would have more experienced nurses to turn to. They don't pay as well as hospitals (here anyway) but you will get some good experience there.
Could she volunteer with the school nurse, and then maybe be available to go on field trips or things like that? Or fill in for her on sick/vacation days? She wouldn't make any significant money, but she could get experience. (there is a child in DD's school who must have an RN with her at all times. Nurses don't go on all the field trips, just the ones she goes on.)
Do any nearby hospitals have a nursing internship program?
Have her call the nurse recruiters at several hospitals and ask them for recommendations. They will know things specific to your area; even if their hopsital isn't hiring right now, they may have some more specific ideas of what she could do. Someone eager to work is always attractive to an employer.
Good luck to her. This is just a hard time to graduate, regardless of your field.
