Teachers, how is the outlook in the profession?

I am now about to enter my second year of college, and am still conflicted between two majors. One being liberal studies. Although teaching would be my one main goal, what scares me most is not being able to find a job once I obtain my degree (I live in California if that helps) I am wondering, has the conditions for teachers improved? Or are they still receiving pink slips and layoffs up till today? I wish to teach in an elementary school, what are the chances of finding a descent job after college? Because of this, I am soo worried as to whether I should pursue teaching or not. I have tutored before, and helped elementary teachers out during class. I absolutely love the classroom atmosphere. The low salary doesn't even bother me, its just the fact that it seems as if its so hard to find a job afterwards. Should I still pursue teaching?