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This report uses data from the National Longitudinal Survey--Youth to examine the dynamics of the labor market experience of young people entering the labor market. The authors confirm the conventional wisdom that young people hold a large number of jobs. However, the authors' analysis shows that, by their early twenties, most young people have entered stable employment, defined as a job that will last one, two, or even three years. While there may be problems with the skills of labor market entrants, most young people are successfully finding jobs that yield long-term employment relations. The experience of the average youth, however, hides important subgroup differences. The results suggest that efforts to improve the school-to-work transition need to focus on those specific groups who fare worst in their early labor market career--most notably, high school dropouts.