I got laid off back in August. Have had a few interviews, no offers. I have to agree still with all the others. DO NOT SELL YOUR TOOLS! Months ago when things got tough I sold some of mine which has been a huge regret, didn't have a choice a the time, but still I regret doing so.
Try making some things, I am still doing some leather work, it is my only stress and depression release I have. When times get you down, get your head into something constructive by making something! Trust me it helps!!
Keep the Faith, No matter how bad things are remember that there is always those worse off than us.