‘NEETS' and ‘new unemployables' — why some young adults aren't working [CNBC]
Korn Ferry (KFY)
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Source: CNBC
Some, referred to as “NEETs,” which stands for “not in employment, education, or training,” are opting out of the labor force largely because they are discouraged by their economic standing. Others, alternatively, are well-qualified but often younger candidates who are struggling to find positions, comprising a contingent of “new unemployables,” according to a recent report by Korn Ferry Among 16- to 24-year-olds, the unemployment rate rose to 9% in May, which is “typical,” according to Alí Bustamante, a labor economist and director of the Worker Power and Economic Security program at the Roosevelt Institute, a liberal think tank based in New York City. Although the youth unemployment rate fell below 7% in 2023, according to the U.S. Bureau of Labor Statistics, such lows were “emblematic of how hot the labor market was at that point,” Bustamante said. “9% is basically what we should be expecting during relatively good economic times for younger workers,” he added. ‘NEETS' f
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News
- NEETS are not working by choice—but a ‘perfect storm' is creating a pool of highly trained and willing workers who are the ‘new unemployables' [Yahoo! Finance]Yahoo! Finance
- NEETS are not working by choice—but a ‘perfect storm' is creating a pool of highly trained and willing workers who are the ‘new unemployables' [Fortune]Fortune
- 'NEETS' and 'new unemployables': Why some young adults aren't working [MSNBC.com]MSNBC.com
- Urban Land Institute Appoints Angela Cain as Global CEO [Yahoo! Finance]Yahoo! Finance
- Growing number of ‘unemployables' frustrated by the job market [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
KFY
Earnings
- 6/13/24 - Beat
KFY
Sec Filings
- 6/28/24 - Form 10-K
- 6/18/24 - Form 4
- 6/14/24 - Form 144
- KFY's page on the SEC website