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. Initial claims for state unemployment benefits fell 2,

U.S. jobless claims dipped to 227K, below forecasts, but rising continuing claims suggest growing labor market weakness traders can’t ignore.

US unemployment benefit applications dropped to 228,000 for the week ending May 3, indicating labour market stability. Fed Chair Powell highlights economic resilience amid tariff worries.

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.