The 21st annual survey of recruiting trends analyzed responses of 464 organizations and businesses employing new college graduates. Of those interviewed, 83.8 precent were businesses, industries, manufacturing organizations, and service sector employers and 16 percent were local, state, and Federal Government agencies and the military services. Among the findings listed in this summary of the 21st annual edition are: a decrease of hiring quotas by 10 percent, with business decreasing the least (1.9 percent) and the military the most (20.7 percent); the stability of the job market jeopardized by the recession; the biggest hiring increases expected in construction and building contractors (up 97 percent); average annual starting salary expected for bachelor's degree graduates in 1991-92 is $27,037; medium availability of jobs expected for most areas of the nation with the exception of the northeast, where a low availability is expected; layoffs have curtailed or sharply reduced hiring of new college graduates; and cooperative education and internship programs are "the way of the future" and good sources of new hires. Additional data is provided in the following categories: campus recruiting, numbers of graduates and employers who reneged on offers of employment, new and emerging occupations, overseas opportunities, affirmative action/equal opportunity programs, cost of training graduates, shortcomings among college graduates, and employees as reservists called up for the Iraqi Crisis. A listing of the employers surveyed completes the report. (JB)