This report examines the labour market dynamics between 1996 and 2000 of a cohort of young Australians born in 1975. During this period, most of the cohort were either in post-secondary education and training, or establishing themselves in the labour market. This study reports on their major activity for each year between 1996 and 2000 and also presents the cohort's education and training and their occupational profiles. It also examines the year-to-year movement between activities and occupational group. Other areas of focus are: full time work; unemployment; and marginal activities. This report, published by the Australian Council for Educational Research (ACER), is part of the Longitudinal Surveys of Australian Youth (LSAY) research program.