WASHINGTON (Reuters) -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.