The International Monetary Fund has expressed its worries about an explosion of social unrest as the US and Europe is facing the worst job crisis since the year 1930.

The unemployment rate is rising day by day in the US and Europe raising the fears of double dip recession. The chief of IMF, Dominique Strauss-Khan has said the double dip recession is unlikely but the job losses are pushing the world in to a huge social crisis.

According to a joint report from IMF and International Labor Federation (ILF), almost 30 million jobs were lost since the global economic crisis began. The global unemployment rate has reached to 210 million and most of the people lost their jobs permanently.

As per the reports the long term unemployment rate is at its highest point in the US and half of them are out of work since six months.

The unemployment rate rose up unexpectedly in Spain climbing to almost 20% and the unemployment rate rose to 7.8% from 5.3% in the UK in last two years. IMF described this issue as the biggest risk to society.