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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Wales Captain Sam Warburton says his team are raring to go as they kick off their Six Nations campaign in Dublin tomorrow.
Liberal Democrat leader Tim Farron has criticised Labour at the party's spring conference in Cardiff.
A Royal Gun Salute was held at Cardiff Castle earlier today to mark the 64th anniversary of the Queen's accession to the throne.