Aggregate measures of labor market conditions for recent science and engineering Ph.D. recipients changed only slightly between April 1993 and April 1995. The unemployment rate for all recent Ph.D.s rose from 1.7% in 1993 to 1.9% in 1995. The rate of recent Ph.D.s involuntarily working outside the field of their degree similarly rose slightly from 4.0% in 1993 to 4.3% in 1995; however, the aggregate numbers mask much larger positive and negative changes in labor market conditions within individual disciplines. Most individuals who complete the rigors of a doctorate in science or engineering do not do so simply to find steady employment with a good salary. Their technical and problem solving skills make them highly employable, but the opportunity to do the type of work for which they have trained is also important. No single measure can well describe the science and engineering labor market. This issue brief provides an overview of labor market indicators for recent recipients of science and engineering Ph.D.s from institutions in the United States. It uses data from the 1993 and 1995 Survey of Doctorate Recipients, a biennial NSF (National Science Foundation) survey of holders of Ph.D.s from U.S. institutions up to age 75. This brief also discusses variations by field or sector of items such as unemployment rates, involuntarily working outside of field, percentage in tenure track positions, and salaries. (Author/DKM)