Richard Darlington, from the Institute for Public Policy Research, commented on the organisation's survey suggesting 41,000 extra under-25s will be out of work this year.
"I'm afraid that the signs for the economy according to the Office for Budget Responsibility is that the slowdown is going to continue." he said.
"Unfortunately, unemployment tends to lag the rest of the economy and we're not going to see unemployment fall in Wales until about 2013."
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The Wales Rugby squad are currently in Switzerland at a gruelling conditioning training camp ahead of the World Cup in September.
Wales joined the rest of Britain today in falling silent to remember those who were killed in the July the 7th bombings.