This publication reports the findings of the North Carolina Board of Higher Education Research Division. The study yields the following information: a) elementary and secondary school education in North Carolina will not be a growth industry in the 1970s because of the decline in school enrollments; b) the rate of growth in the demand for teachers will be falling due to declining school enrollments; c) the supply of teacher education graduates from North Carolina colleges and universities will be rising in the 1970s; d) teachers' salaries are expected to remain constant throughout the 1970s. thus affecting the re-entry patterns of former teachers into the field of education; e) changes in college curricula, designed to offer career alternatives to students, should be reviewed and studied; and f) areas where an oversupply of teachers exists should be observed. Eighteen tables of data are included in the study along with population statistics. (BRB)