Two aspects of the problem of the unemployed educated persons are discussed in this essay. Firstly, the magnitude and incidence of the unemployment of such persons are examined. One point that becomes apparent from looking at the secondary data is that the bulk of the educated unemployed persons have been among those less than thirty years of age. Thus it appears that, at least in the past, most of the highly educated persons eventually got absorbed in the labour force. Secondly, in the light of the above, the important problem that comes to the fore is that of waiting. The results of an analysis of survey data, particularly on this dimension of the unemployment of the educated, have been reported here.