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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. In this chapter, the authors describe and compare the labour market situation of the graduates about four years after graduation in countries included in CHEERS. The discussion begins with an overview of the economic and labour market situation, and patterns of educational expenditures and enrolment in each country. Country specific information is then provided for labour force participation, unemployment rates, employment by economic sector and occupational group, employment status, hours of work, income, and firm size.