Highlights from the analysis are: (1) a continuing decrease in the number of physics bachelor's degrees granted; (2) a small increase in the percentage of bachelor's degree recipients who become graduate physics students; (3) a further increase in the proportion of first-year graduate physics students who are assured of teaching assistantships; (4) a small but continuing increase in the proportion of women among the physics degree recipients. Tables include: (1) characteristics of physics bachelor's degree recipients, 1973-1974; (2) postbaccalaureate plans of the members of five minority groups among the 1974 physics bachelor's degree recipients; (3) postbaccalaureate plans of successive graduating classes of physics bachelors; (4) sources of anticipated support for fitst-year graduate study; (5) changes in employment outlook for new physics bachelor's degree recipients 1968-74; (6) use of physics training by newly employed physics bachelors; (7) full-time employment of new physics bachelor's degree recipients, 1974; (8) starting salaries for new physics bachelors; (9) median starting salaries for chemists and chemical engineers at the bachelor's level; (10) initial employment of physics-bachelor's degree recipients, 1969-1974. (Author/KE)