Don't be too honest, but do come prepared to sell your value.
The interview is the prime time to measure a candidate's skill level and see if he or she is a great fit for your company. However, conducting an interview without preparation can result in choosing the wrong candidate or, worse, landing in some legal hot water.
Hiring the right candidate can reduce employee turnover rates significantly. By taking your time to schedule interviews with the right candidates and asking the right questions, you can find the right person for the job.
Acing your response to an interview question requires pivoting off your basic answer to reinforce your strengths, motivation or fit -- depending upon the true underlying question.
Yes, it's bleak compared with what it's been in the past. And, no, there isn't the same return on investment that a college degree once guaranteed. But those are largely forces out of an individual graduate's control.