This report presents initial findings about the employment outcomes of bachelor's degree recipients approximately 4 years after they completed their 2007-08 degrees. These findings are based on data from the second follow-up of the Baccalaureate and Beyond Longitudinal Study (B&B:08/12), a nationally representative longitudinal sample survey of students who completed the requirements for a bachelor's degree during the 2007-08 academic year. The study addresses questions related to bachelor's degree recipients' education and employment experiences and includes two follow-ups. The first follow-up, which was conducted 1 year after graduation, explored both undergraduate education experiences and early postbaccalaureate employment and enrollment. This second follow-up, conducted in 2012, examines bachelor's degree recipients' labor market experiences and enrollment in additional postsecondary degree programs through the 4th year after graduation. Among the approximately 137,800 undergraduate students who were sampled for the 2007-08 National Postsecondary Student Aid Study (NPSAS:08), approximately 17,110 students were determined to be eligible for B&B:08/12. Eligible students were those who had enrolled at an institution that was eligible to participate in Title IV federal student aid programs and was located in one of the 50 states, the District of Columbia, or Puerto Rico; had completed requirements for a bachelor's degree between July 1, 2007, and June 30, 2008; and were awarded a baccalaureate degree by the institution from which they were sampled no later than June 30, 2009. These students represent approximately 1.6 million students who completed the requirements for a baccalaureate degree between July 1, 2007, and June 30, 2008. This report is organized as follows. The first section presents key findings from the detailed tables that follow. Table 1 provides information on the demographic and undergraduate enrollment characteristics of 2007-08 bachelor's degree recipients. Tables 2-3 examine the employment and degree enrollment status of graduates in 2012, roughly 4 years after graduating with a bachelor's degree. Table 4 addresses the number of jobs that graduates held within 4 years of graduation, while Table 5 presents the percentage of time that graduates spent employed, unemployed, and out of the labor force in that time frame. Table 6 examines the characteristics of graduates' jobs in 2012. Two appendices present: (1) Glossary; and (2) B&B:08/12 Technical Notes and Methodology.