PARIS: The unemployment rate in the hard-hit eurozone is expected to hit a record 12.3 percent at the end of 2014, the OECD forecast on Tuesday, with young people the hardest hit.

In its annual Employment Outlook, the Organisation for Economic Cooperation and Development also revealed big disparities between countries in the zone, with jobless rates in Germany set to fall under 5 percent while they will be around 28 percent in Spain and Greece.