The study described here was designed to investigate the current employment situation in linguistics. Three major goals were to: (1) investigate the current supply of, and demand for, linguists; (2) study the status of women and minority groups in the profession; and (3) look into potential new areas of employment for linguists. The principal sources of the data were three questionnaires sent to working linguists, graduate students and department and program heads. The report begins with a statistical description of linguists and linguistics students. It goes on to assess: the current and probable future state of the job market, unemployment and underemployment, the mechanics of matching applicants and jobs, and the responses of individuals to these subjects. Linguists who specialize in uncommonly taught languages are also discussed, followed by respondents' comments on other aspects of graduate training and the job market. The following general conclusions were drawn: (1) the supply of linguists at the doctoral level will continue to exceed demand, and even more so for the master's level; (2) minority representation in the field of linguistics is very small; (3) women linguists appear at a disadvantage professionally when compared to men; and (4) linguists can contribute toward needed basic and advanced materials as well as training in the uncommonly taught languages and area studies. Appendices contain: sample questionnaires; information on the uncommonly taught languages taught at the Foreign Service Institute in Washington, D.C.; a report on the Summer Institute of Linguistics; a list of tables found in the report; and a bibliography. (Author/AM)