The employment of college-educated workers at the start of their careers and promotion patterns for older workers were studied. Attention was directed to the following concerns: the types of jobs available to young college-educated workers in the 1970s compared to the situation for their peers in the 1950s and 1960s; the effect of increased numbers of young college-educated workers on promotion opportunities for older persons with the same level of education; the labor market experience of college graduates compared to persons with some college but less than four years; and work opportunities for college-educated workers resulting from newly-created jobs or openings due to deaths and retirements. Fourteen major occupational groups were divided into four categories based on average total money earnings in 1975: (1) good, (2) intermediate, (3) crafts for men, clerical for women, and (4) low-level. It is concluded that although college graduates in the 1970s have more difficulty obtaining good entry-level jobs than their counterparts during 1950-1970, they have better outcomes than those who completed less than four years of college. The latter, in turn, have better outcomes than those workers with no college at all. Included are detailed tables on labor force mobility by education and occupation. (SW)