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This chapter is part of a book based on the findings of a comparative study of the relationship between higher education and employment three to four years after graduation. The Career after Higher Education: a European Research Study (CHEERS) questioned graduates in 11 European countries and Japan about their socio-biographic background, course of study, transition to employment, current employment situation, competences and job requirements, job satisfaction, and regional and international mobility. This chapter provides a description of the major activities of graduates in the CHEERS countries during the first three or four years after graduation. The authors analyse how differences in labour force status and type of employment contract are related to individual characteristics or to country differences. Finally, the robustness of the labour market situation one year after graduation as a predictor of the labour market position four years after graduation is considered.