This article examines the short- and long-term effects of entering the LIS workforce during a recession. It looks specifically at cohorts graduating from six North Carolina LIS programs during the recessions of 1973???75, 1980???82, 1990???91, and 2001 and compares aspects of their starting job, current job, pay, and indicators of job quality with those of nonrecession graduates of the same programs over the period from 1964 to 2005. Additional analyses are performed using job search and work setting match variables for a more in-depth look at recent graduates in the last recession (2001). We find that, examining the measures available, the labor market for North Carolina library and information science graduates appears to be relatively "r...