The graduates of Canada’s colleges and universities face unacceptable rates of unemployment and underemployment while Canada’s employers report growing shortages of individuals with the skills they seek. This misalignment between the talent on offer and the skills required is the outcome of multiple systems operating without central, coordinated direction and accountability. Every underemployed graduate and every vacant job represents lost productivity and the related costs are borne by individuals, employers and the nation. The Canadian Association of Career Educators and Employers (CACEE) is issuing a Call for Action on Unemployment, Underemployment and Skills Shortages to put an end to this misalignment and to aid graduates more effectively transition into the workforce. This Call is issued to 5 key stakeholders – Government, Higher Education, Employers, K-12 Sector, and Students and Parents.