Facts and figures related to the underemployment of college graduates are presented. Underemployment is defined as holding a job that requires less education than the employee has obtained. Topics which are discussed in this digest include: (1) the implications of underemployment for career development; (2) statistics on college enrollment and the proportion of college graduates in the labor force; (3) types of jobs held by college graduates; (4) the employment outlook for college graduates; (5) trends in family income since 1960; and (6) career education needs of the underemployed including exploration of a wider range of options, exploration of the relationship between work and other life roles, and career planning for multiworker families. This digest includes an eight-item summary of employment trends and an eight-item bibliography of references, two of which are available from the Educational Resources Information Center (ERIC) system. (DC)