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Abbreviation of not in education, employment, or training, originally British government jargon, first attested in the late 1990s. Currently, outside of Britain is largely due to its use in Japanese — especially from anime-related culture — which spread globally online.
2006, Suvendrini Kakuchi, “Turning to 'NEETS' to Cover Labour Shortages”, in Inter Press Service, archived from the original on 27 December 2006:
Studies have shown that NEETs are usually between the ages of 18 to 40 years and may be the victims of family breakdown and mental illness, lack of discipline also contributes to the problem.
2005 February 9, The Washington Times:
The NEET population in 2003, according to a Ministry of Health and Labor estimate last September, was 520,000.