Number 163 (Story #3), February 4, 1994 by Phillip F. Schewe and Ben Stein THE PHYSICS JOB MARKET IS TIGHT FOR NEW PH'Ds . In 1992, for instance, roughly 800 physics openings in the U.S. became available. Of these, 440 (representing 5.5% of the faculty) were at academic institutions; 175 were at industrial labs (a turnover of 5%); and 180 were at national labs. Competing for these jobs were many of the 1346 new PhDs (some of whom went abroad--see Update 159) and a growing number of immigrant physicists from the former Soviet Union. In the face of this physics jobs squeeze, the number of new physics PhDs awarded each year in the U.S. has increased by 45% over the past decade. One response to this dilemma, at Cornell University, has been to retain some young PhDs as part-time lecturers and to reduce by a comparable amount the number of new graduate student admissions. (Physics Today, Dec 1993.)