Department of Labor - DOL

Department of Labor - DOL

A U.S Government cabinet body responsible for standards in occupational safety, wages and number of hours worked, unemployment insurance benefits, re-employment services and a portion of the country's economic statistics.

Notes:

What exactly does the Department of Labor do? They answer this question on their official site:

"The Department of Labor (DOL) fosters and promotes the welfare of the job seekers, wage earners, and retirees of the United States by improving their working conditions, advancing their opportunities for profitable employment, protecting their retirement and health care benefits, helping employers find workers, strengthening free collective bargaining, and tracking changes in employment, prices, and other national economic measurements. In carrying out this mission, the Department administers a variety of Federal labor laws including those that guarantee workers’ rights to safe and healthful working conditions a minimum hourly wage and overtime pay freedom from employment discrimination unemployment insurance and other income support."

See also: Beige Book, Frictional Unemployment, Natural Unemployment, Social Responsibility, Structural Unemployment, Unemployment Rate