This report compares the findings on graduates newly qualified to teach from the National Center for Education Statistics's 1981 Survey of 1979-80 College Graduates with those from their 1978 Survey of 1976-77 College Graduates. In the 1976-77 survey, 7,922 graduates responded from 283 institutions; in 1979-80, 9,312 graduates responded from 286 institutions. Three major findings stood out in the comparison. First, between 1976-77 and 1979-80, the number of newly qualified to teach (bachelor's recipients) dropped by about 39,000 or 23 percent. Second, the proportions of bachelor's recipients obtaining teaching jobs in both years were not significantly different, 77 percent for 1979-80, and 75 percent for 1976-77. Third, bachelor's recipients newly qualified to teach in 1976-77 and 1979-80 fared better on labor market measures than did any other bachelor's recipients as a group, whether they taught or not. Nine tables display report data. (JMK)