Drawn by steady hiring and slightly higher pay, more Americans began looking for work in September, a sign of renewed optimism about the U.S. job market. The influx of job seekers sent the unemployment rate up slightly as more Americans were counted as unemployed. Still, September's hiring pace, if sustained, would likely be more than enough to absorb new job seekers. That's because many Americans have begun seeking work after having remained on the sidelines for much of the economic recovery. Yet in the past year, the opposite has occurred: The jobless rate has remained mostly flat even as hiring has been solid.

Source: ABC News October 07, 2016 12:32 UTC