Aim: The aim of this study is to investigate, through a qualitative approach, the perceptions of unemployment among youth aged 18-29 who fall under the category of neither in education nor in employment (NEET), as well as the social, economic, and psychological dimensions of these perceptions. It is also intended that the unemployment experiences of NEET youth be comprehended, and policy recommendations be formulated based on these insights. Materials and Methods: This study, designed with a phenomenological qualitative approach, was conducted with the participation of 12 unemployed, diploma-holding young individuals residing in one of Ankara's central districts and possessing relevant experience concerning the research topic. The data were collected using a semi-structured interview form consisting of six questions. Findings: It was revealed that nearly all NEETs (11 out of 12) included in the study expressed feelings of hopelessness regarding finding employment. Additionally, unemployment was identified as having potentially adverse economic and psychological effects. Conclusion: The study's results clearly revealed that the participants experienced high levels of stress and anxiety due to long-term unemployment. Inadequate education and lack of practical experience severely reduced the participants' employment options. It was also determined that unemployment directly increased financial instability and concerns about future prospects.