Being optimistic about their future employability can help to provide young people with certainty and independence. We examined the relationship of perceived future employability (PFE) and some career outcomes using the social cognitive career framework. Response (N = 449, 78% female, mean age 21.07 years), revealed that: (a) PFE was associated with career self-efficacy and outcome expectations, (b) career self-efficacy and outcome expectations were associated with career distress, career effort, and career aspirations, and (c) career self-efficacy and outcome expectations mediated PFE and career distress, career effort, and career aspirations.