America saw a dip in unemployment claims last week. This hints at stable job growth in May. Initial claims fell to 227,000. Experts predict a rise in claims later. Layoffs might increase in 2025 due to trade policies.

The number of Americans filing new applications for unemployment benefits dropped last week, suggesting the economy maintained a steady pace of job growth in May, though it is becoming harder for those out of work to find new opportunities.

Applications for US unemployment benefits fell to a four-week low, adding to evidence that the job market remains healthy in the face of growing uncertainty tied to trade policy.

CNBC's Rick Santelli joins 'Squawk Box' to break down the latest econ data to cross the tape.

The number of Americans filing new applications for unemployment benefits was unchanged last week, but job opportunities are becoming more scarce for those out of work as economic uncertainty from tariffs discourages businesses from boosting hiring.