Initial jobless claims are moving higher again. It’s not terribly surprising after another summer of economic discontent. In recent weeks there was some hope that new filings for unemployment benefits (a key leading indicator) was stuck in neutral, albeit at elevated levels. Now even that thin reed seems to be giving way as the numbers edge higher. Maybe it’s noise; maybe we’re in another one of those extended head fakes that have plagued these numbers several times in the recent past. Maybe, maybe, maybe.