This first annual report of the National Commission for Manpower Policy addresses three subject areas. Addressed first are the dimensions of a national manpower policy. This discussion includes the examination of the principle areas in the work plan of the commission and an assessment of the manpower policy in the United States in the Fall of 1975. Second, manpower policy and macro-economic policy are reviewed including the areas of policy interface, public job creation, and income transfer alternatives. Third, a current manpower program assessment is given for the Comprehensive Employment and Training Act (CETA) system, unemployment insurance, and the coordination of manpower and related programs. The appendix summarizes the commission's recommendations to date. (JH)