Lifehacker has a great article about expected response ratio for each job you apply to. Remember, this ratio is probably something like 10:1 or 15:1 if you have little to no experience (ie, entry-level employees fresh out of college).
When I applied for my first job, I applied to approximately 130 positions (wow, I know) and got probably about 15 responses (wow, crappy I know).
Just remember: BE PERSISTENT (but not overly persistent)
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