This report examines the job status in October 1971 of recent college graduates and whether they obtained work in their chosen field. Data obtained from supplementary questions to the October 1971 Current Population Survey indicate there were 1.2 million 20- to 34-year olds who had received degrees in 1970 and 1971. The survey showed that of the 1.1 million men and women who received degrees in 1970 and 1971 and were available for work in October 1971, more than 9 out of 10 were employed. More than three fourths of those employed were in jobs directly or somewhat directly related to their major field of study. The October 1971 unemployment rate for degree recipients (7.4%), while 2 percentage points higher than the rate for the total labor force, was about half that of high school graduates of 1970 and 1971. Appendices include explanatory notes, survey forms, and statistical data. (MJM)