U.S. weekly jobless claims rise for a second straight week, total 1.434 million

The Labor Department said initial weekly jobless claims last week came in at 1.434 million.

It was the 19th straight week in which initial claims totaled at least 1 million and the second consecutive week in which initial claims rose after declining for 15 straight weeks.

For context, the prior peak was in 1982, when the weekly figure hit 695,000.