hampton pearson takes a look at the unemployment picture and the myst those stuck wages. >> reporter: november job growth was widespread with professional and business services leading the way, adding 46,000 new workers. manufacturing continu to rebound, with 31,000 new hires. and repair work in hurricane-ravaged texas and florida helped boost construction hiring by 24,000. but solid hiring and an unemployment rate at a 17-year low is still not boosting wages. up just 2.5% year over year, now averaging just over $26 an hour. even president trump's top economic adviser agrees wages are not where they should be. he says tax reform is part of the solution. >> we're still not growing wages in this country. we do believe that tax reform will help us drive real wage growth in the united states which is and reat te administra. >> reporter: the pace of hiring has slowed. 187,000 jobs per month last year to 174,000 per month this year. a key factor, leading economists say, in why wage pressures have remained low. >> i don't think there's any amount of pressure you could put on this economy tha

hampton pearson rolls t >> reporter: it's not just tailgating that gets sports fans fired up. it's estimated americans illegally bet $150 billion a year on professional and amateur sports, according to gaming industry analysts. at the supreme court today, the justices appeared ready to overturn 25-year-old federal law that bars all but four states from legalizing gambling on most professional and amateur sports. new jersey governor chris christie spent the last five years and millions of state tax dollars fighting for uphold a new jersey law that would allow sports betting at racetracks and casinos in the garden state. >> new jersey wants to appropriately regulate sports gaming. we want to do it because 65% of the people in the state of new jersey voted they wanted to do it. we have a long history of casino gaming where we've shown ked can appropriately regulate. >> during the over an hour-long argument, justices questioned if the protection act violated states' rights. justice anthony kennedy said it appeared the federal government was trying to forget new jersey to keep a wa

as hampton pearson reports, she started by giving an >> reporter: at its last meeting of the year, federal reserve monetary policymakers raised key short term interest rates for the th in 2017. updated forecasts see the economy growing at a 2.5% rate next year with unemployment dropping below 4%. monetary policymakers feel the economy is strong enough to possibly stand three rate hikes next year. >> when you look at the projections, that there are many factors that affect those projections and changes in tax policy that's only one of a number of factors. >> reporter: with president trump and republican leaders on the verge of finalizing tax reform, the fed chair's last news conference was dominated by questions about the possible impact on the fed. monetary policymakers expect a modest lift to ec growth, business investment, and increased consumer spending. but they also voice concerns about estimates it could add a trillion dollars to the national debt over the next decade. >> i am personally concerned about the u.s. debt situation. it's not that the debt to gdp ratio at the moment is ext

first, hampton pearson here with the cnbc market wrap. take it away. >> thanks, chuck.tocks closing lower on wall street as investors wait for the final version of the republican tax overhaul plan. the dow snapped a five-day winning streak losing 77 points. the s&p down 11. the nasdaq closed 19 points lower. >>> disney stock shot up 2.8% after announcing it will pay $52.4 billion in stock to buy foxal movie studios and other assets. >>> the holiday shopping season off to a strong start. rose more than expected in november. >>> that's it from cnbc, first in business worldwide. we need to be ready for whatever weather may come our way. my name's scott strenfel and i'm a meteorologist at pg&e. we make sure that our crews as well as our customers are prepared to how weather may impact their energy. so every single day we're monitoring the weather, and when storm events arise our forecast get crews out ahead of the storm to minimize any outages. during storm season we want our customers to be ready and stay safe. learn how you can be prepared at pge.com/beprepared. together,

we're seconds now away from the november jobs report hampton pearson is standing by at the labor department8,000 november nonfarm payroll increased by 228,000 jobs. the unemployment rate is 4.1%. 2.5% year-over-year. 221,000. revisions, in essence, for the two previous months, a net increase of 3,000 jobs from what had previously been reported job gains, biggest job gains, professional and business services, plus 46,000. manufacturing up 31,000. construction up 24,000 health care plus 30,000. no real mention in this report about any hurricane-related effects in the data. 62.7%. same as october. november, 8% job averaging 174,000 per month for the year brsh 170,000 over the last three months. back to you, guys. >> we thaw for that. i think the winner was larry kudlow >> yes yes! yes! yes! yes! >> price is right rules, yes >> he is over. >> what was your number sno. >> >> oh, come on. you got to give me you got to give me credit. it's my best showing in 15 years. >> give him that he deserves it >> i got to hand it to you, you are consistent. >> they're going to be because of trump's predecess