A new World Bank report paints a sad picture for the young and the jobless, revealing that it doesn't matter where they live, job opportunities are more or less equally dismal for them.

The report adds that people aged 15-29 are twice as likely to be employed as adults when compared with their ages as they stand. Further the report adds that at least 600 million more jobs will need to be created over the next decade to account for this growing void. The report seemed to indicate that there was a gap between the highly educated and the kind of skills that the market demanded.

Here are some insightful excerpts from the report, titled 'Towards Solutions for Youth Employment':

"In emerging economies that are progressively more service-based, employers find a workforce population that lacks necessary skills. Elsewhere, the problem is that many of the unemployed are highly educated but the market demands different competencies or more technical or vocational skills."

The report went onto factor in social elements which only exacerbate the situation and the predictions are pretty bleak for the next generation.

"Social costs are ever mounting as well...What we see is a generation in economic crisis."

According to a Bloomberg report the report was released by a coalition called Solutions for Youth Employment, which includes the International Youth Foundation, children-development organization Plan International, public-policy researcher RAND Corp. and Youth Business International.

"Do you think the upcoming generation's REALLY going to have trouble finding work?"