The findings of a computer model designed to project the number and educational profile of young people leaving the school system to enter the labor force in Canada in the 1980's are reported. The four-tiered computer model utilized in the study projects elementary-secondary enrollment, college and university enrollment, "leavers" from the secondary school system, and "leavers" from the post-secondary system. The number and educational profile of young people in Canada has changed dramatically in recent years. A rapid increase in the number who are highly educated, combined with a decline in "new" jobs in the public sector, has caused unemployment and underemployment among some graduates, particularly in the humanities and social and behavioral sciences. The number of college and university graduates is expected to remain high until at least the mid-1980's. The labor market situation for some graduates may not improve until after that time. It is suggested that to aid students in the transition from school to the labor market, and to foster realistic student expectations, Canadian universities may want to improve their understanding of labor market conditions. Institutional researchers, as part of the planning system, could actively participate in this process. (SW)