This second annual report of the National Commission for Manpower Policy focuses on an employment strategy to attain the goal of full employment. In Section I the Commission's recommendations from the text are summarized into twenty steps to establish an employment strategy. Section II provides background information on the definition of employment strategy, the evolution of manpower policy in both the public and private sectors, and the threat of high level unemployment. In Section III the strategy is delineated: the first step is to make a national commitment to achieve full employment; the second to establish interim targets of reduced unemployment levels by both public and private programs; and the third to implement the following measures: (1) new and improved programs aimed at employment of the young; (2) intensified efforts to move persons from income-transfer support to training or jobs; and (3) strengthening manpower programs and institutions by developing antirecessionary strategy, improving manpower knowledge and information base, and eliminating prejudice. Following Section IV, the Commission's agenda for 1977, are three appendixes and three addenda. The appendixes recapitulate previous recommendations by the Commission, list its reports and publications, and account for its activities, staff, sources, and funding. The addenda list its meetings, conferences, and commissioned works. (EG)