'NEETS' and 'new unemployables' — why some young adults aren’t working [MSNBC.com]
![MSNBC.com](../../../Content/images/providers/MSNBC.com.png)
ZipRecruiter, Inc. Class A (ZIP)
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Source: MSNBC.com
Klaus Vedfelt | Digitalvision | Getty ImagesAlthough theunemployment ratebelow 4%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 byKorn FerryAmong 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 relativ
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News
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- 5 Ways AI Can Help In Your Job Search [Forbes]Forbes
ZIP
Earnings
- 5/9/24 - In-Line
ZIP
Sec Filings
- 7/3/24 - Form 4
- 6/21/24 - Form 4
- 6/21/24 - Form 4
- ZIP's page on the SEC website