This report on the supply of newly qualified teachers (NQTs) is based primarily on data from the Recent College Graduate Study of 1987. The survey, which was originally designed to provide information on NQTs alone, was expanded to cover graduates in all major fields of study; however, it continues to emphasize graduates qualified to teach at the elementary school or secondary school level. For the 1987 study, newly qualified teachers were defined as: individuals who received a bachelor's or master's degree between July 1, 1985 and June 30, 1986; who became eligible or certified to teach during that same period; and who had not been employed as teachers before receiving their degree. The number of NQTs who graduated from the nation's colleges and universities increased from 105,000 in 1984 to 126,000 in 1986 after declining for almost 10 years. The number of NQTs at the master's level increased by 124%, from 6,300 in 1984 to 14,100 in 1986. Nearly 73% of the NQTs at the bachelor's level in 1986 were women. An average of 48% of all other bachelor's degree recipients were women. Forty-eight percent of NQTs reported grade point averages of 3.25 or higher, compared to 42% of other bachelor's degree recipients. Fifty-seven percent of the NQTs in 1986 majored in education, a large drop from 1984 when 71% majored in education. Eighty-nine percent of the NQTs were employed 1 year after graduating from college. Only 3% were unemployed, and 8% were not working and not seeking employment. Only 61% of the NQTs in 1986 were teaching in April 1987. Seventy-four percent of the NQTs were certified in the field they were teaching. The average annual salary for NQTs who were employed full time was $16,000 in 1987, compared to an average of $20,700 for other bachelor's degree graduates. Ten tables and 3 graphs present study data. Appendix A contains technical notes for the survey, Appendices B and C provide, respectively, nine tables containing standard errors for data categories and two additional tables on teacher characteristics, and Appendix D presents the 1987 survey instrument. (SLD)