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‘NEETs’: Why some young adults are disconnected from the job market
When cracks start to show in the labor market, young adults are often the first to feel it.
To that point, about 16% of 18- to 24-year-olds are not employed and not enrolled in high school or college, according to a recent report by the Federal Reserve Bank of St. Louis, which refers to many in this group as “disconnected youth.”
Also often called “NEETs,” which stands for “not in employment, education, or training,” young, would-be job seekers are opting out of the labor force largely because they are discouraged by their economic standing. Weak job networks, college degree requirements, a lack of transportation or limited access to child care may also play a role, the St. Louis Fed found.
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