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Unemployment and underemployment among graduates is a theme of growing importance. Soon this topic is likely to become a major national issue. Last year, Mr B J Holloway presented a paper at a local conference in Manchester. This address still seems to us to be the most authoritative and penetrating contribution presented on this subject. Accordingly, we invited Mr Holloway to update and restyle his paper as an article for this journal. The article is reproduced here by permission of the Course Organiser, Miss M P Reay and the University of Salford. The original paper, longer than this article, is one of six lectures on the common theme of ‘Unemployment and Occupational Training in the North West’. Copies of the complete series of lectures can be obtained from Miss Angela Barratt, The Registrar's Department, The University of Salford, Salford M5 4WT, at a cost of £1 each.

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