[en] A report of a study by a Subpanel which was appointed by the High Energy Physics Advisory Panel (HEPAP) to examine the production in recent years of new researchers in high energy physics and the rate at which they have moved into short term and permanent positions in the field. The Subpanel made use of the 1973 and 1975 ERDA Census data, statistics collected by others, as well as a number of surveys conducted by the Subpanel itself. Even though many uncertainties and gaps exist in the available data, several important points are presented. (1) New Ph.D. production in high energy physics has decreased in recent years even more rapidly than in physics as a whole. (2) New Ph.D.'s in experimental and theoretical high energy physics have been produced for many years in roughly equal numbers in spite of the fact that employment in the field at all levels shows a ratio of experiment-to-theory approaching two-to-one. (3) A very large fraction of the approximately 1700 Ph.D.'s in high energy physics (employed at 78 universities and 5 national laboratories) hold tenured positions (383 theorists and 640 experimentalists). (4) The age distribution of those in the tenured ranks reveals that the number of retirements will be extremely small during the next decade but will then start to have a significant impact on the opportunities for those who are seeking careers in the field. (5) Promotions to tenure at the universities during the 4 year interval AY72/73-AY76/77 have averaged about 10 per year in experiment and 10 per year in theory