Due to your field of study having such a short "knowledge half life" you may be challenged to get a position without some good marketing and make-up effort. But don't sell yourself short. But consider a little encouragement:
(1) you have an engineering degree from a decent school; so you've been rigorously trained as a problem solver and can apply those skills at any time. Don't ever forget that having that degree puts you in that (figurative) 99th percentile of the job-seeking population. You should be telling companies this.
(2) you are only qualified for an entry-level position and you'll have to pay your dues
(3) you certainly should take the FE exam to prove your training
(4) doing entry level contract work may be the easiest way to get some real experience
(5) I would assume the technology in your field of study has left you behind to a certain extent. It may be wise to take a couple of refresher courses or some non-university training
(6) how are your sales skills? You could get a gig in sales or applications for a distributor. It's a tough job, and distributors are always grinding through warm bodies. But at least you could get hands-on experience with the latest toys, technologies, and real customers' problems. It would probably last for a couple of years, enough to get you on your feet and see a lot of different opportunties.
(7) Graduate school is a noble undertaking, but painful and possibly expensive. My experience is that it can be career broadening or career limiting. Be sure you want to do this.
(8) Create a plan for re-building your skill set and marketability, execute the plan, then advertise yourself and tell your potential employers what you are doing. That kind of initiative is much more attractive to progressive employers than the alternative.
(9) it may not be anybody's business, but then again it is. What were you doing for 8 years? Be ready to explain it.
TygerDawg
Blue Technik LLC
Advanced Robotics & Automation Engineering