GENEVA: The number of unemployed young people is set to swell by 500,000 worldwide this year to reach 71 million, marking the first hike in three years, the United Nations said on Wednesday.

In a new report, the UN’s labor agency estimated that the global youth unemployment rate would reach 13.1 percent in 2016, up from 12.9 percent in 2015, and nearing its 2013 record high of 13.2 percent.

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