The number of people out of work around the world will hit 200 million in 2017, a new record high. And those with jobs shouldn't bank on a raise.

Those are the findings of research by the International Labor Organization, an agency that brings together governments, employers and worker representatives from 187 countries.

In a report this week, the ILO said global unemployment is expected to rise by 3.4 million this year, and by 2.7 million in 2018, because the workforce is growing at a faster pace than jobs are being created.

"Economic growth continues to disappoint," said Guy Ryder, ILO director general. "This paints a worrisome picture for the global economy and its ability to generate enough jobs, let alone quality jobs." CNN Money