Recognizing the inadequacies of the theoretical framework upon which the Concentrated Employment Program (CEP) was constructed, an effort was made to develop a more useful set of assumptions by which the program could be appraised more critically. Summarized in this document are the outcomes of attempts to construct an analytic framework within which both the ghetto labor market and the appropriateness of CEP can be assessed. Part One contains a critique of the existing assumptions underlying the CEP and suggests some alternative models of the behavior of ghetto labor markets. Part Two describes the Boston CEP as it was developed from April 1967 to March 1968 and appraises it within the framework established for the basic CEP model. Conclusions and policy recommendations based on analyzed results include: (1) Current programs have paid too little attention to the effect which low-wage, low-quality employment has upon the labor market behavior of the disadvantaged, and (2) Federal manpower policies need to be reoriented toward the demand side of the labor market. (Author/SN)