You really need a Masters degree or higher to get into the serious psychology stuff you learn in your college classes, i.e., therapy. It’s not the most useful major if you don’t intend to go on to higher education. But as @RedPowerLady said, it’s not like you won’t have certain job opportunities available to you.
Until the economy improves, a Psychology bachelor’s is less likely to land you a job right out of college. Then again, any bachelor’s isn’t guaranteed to land you a job right now. My sister majored in Psychology and she’s currently working at a fancy lingerie store. Not exactly what she spent those four years to do. She wants to be a school counselor or something, but for that she’ll need to go back to school for a while and get certified.
Psychology is a really interesting field. Don’t shove it off because it’s not the most useful BA without a higher degree to go along with it. It all depends on what you want to do once you get your degree, whether it be going to grad school or straight to the work force.