This article is about what happens to newly minted mathematics graduates. It explores data from the first destination statistics from the perspective of mathematics lecturers and others involved in institutions that provide a higher education in mathematics. It also looks at reasons why this issue is important to those engaged in the higher education of mathematics undergraduates. A key finding is that the employment of mathematics graduates is concentrated in the sector of the economy that includes banking, property and financial services which makes the employment prospects for new graduates in mathematics vulnerable to recession in that sector. (Contains 10 tables.)