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.📺 24/7 Chicago news stream: Watch NBC 5 free wherever you are
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.'NEETS' are being 'left out and left behind' 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.