4% unemployment rate conceals rising 'NEETS' and "new unemployables" challenges among 16-24-year-olds.
4% unemployment rate, yet some young adults aren't working due to 'NEETS' (Not in Employment, Education, or Training) and "new unemployables." NEETs opt-out of the labor force due to economic discouragement, while "new unemployables," often younger and qualified candidates, struggle to find positions. Korn Ferry's recent report highlights this increasing issue among 16-24-year-olds.
July 01, 2024
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