U.S. unemployment has been under 4% for the longest streak since the Vietnam War

The U.S. job market held up well in 2023, despite rising interest rates. Employers added 2.7 million jobs last year and unemployment remained under 4% throughout the year. (Mario Tama/Getty Images)

The U.S. job market capped off a strong year in December, as employers continued hiring at a solid pace.

Employers added 216,000 jobs last month, according to the Labor Department. The unemployment rate held steady at 3.7%.