'NEETs': Why some young adults are disconnected from the job market

Currently, about 16% of 18- to 24-year-olds are neither in school nor working, according to a recent report by the St. Louis Fed.

"Nine percent is basically what we should be expecting during relatively good economic times for younger workers," he added.Still, some young adults in the U.S. are neither working nor learning new skills. Pollak explained that's in part due to declining opportunities in traditionally male occupations, such as construction and manufacturing, while "women's enrollment in schooling, education outcomes, and employment outcomes have mostly trended upwards."

"Employers are holding on to the talent they have and increasingly focusing on talent mobility," said David Ellis, senior vice president for global talent acquisition transformation at Korn Ferry.

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