Department Of Labor - DOL

AAA

DEFINITION of '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.

INVESTOPEDIA EXPLAINS 'Department Of Labor - DOL'

The Department of Labor (DOL) works to promote the welfare of the job seekers, wage earners, and retirees. It strives to improve working conditions and create opportunities for profitable employment. It also works to protect retirement and healthcare benefits, help employers find workers, strengthen collective bargaining, and track changes in employment, prices and other national economic measurements. The Department also administers a variety of federal labor laws.

RELATED TERMS
  1. Structural Unemployment

    A longer-lasting form of unemployment caused by fundamental shifts ...
  2. Worker Adjustment And Retraining ...

    A United States labor law that offers protection to workers, ...
  3. Family And Medical Leave Act - ...

    The Family and Medical Leave Act (FMLA) was signed into law on ...
  4. Natural Unemployment

    The lowest rate of unemployment that an economy can sustain over ...
  5. Frictional Unemployment

    Unemployment that is always present in the economy, resulting ...
  6. Beige Book

    A commonly used name for the Fed report called the Summary of ...
RELATED FAQS
  1. What should a whistleblower do if their employer retaliates?

    Although specifically prohibited by employment law, employer retaliation against whistleblowers for exposing employers' wrongdoings ... Read Full Answer >>
  2. Is the United States considered a market economy or a mixed economy?

    The United States has always been a mixed economy, although there were periods in U.S. history when it was closer to a true ... Read Full Answer >>
  3. Who runs the Bureau of Labor Statistics?

    The Bureau of Labor Statistics is part of the U.S. Department of Labor. The BLS is the primary federal government agency ... Read Full Answer >>
  4. What information does my employer have to give me regarding my 401(k) plan?

    Any employer who offers a 401(k) plan is required to provide, free of charge, each plan participant with a copy of the summary ... Read Full Answer >>
  5. How does the Bureau of Labor Statistics define contingent workers?

    Contingent workers, as generally defined by the Bureau of Labor Statistics, are "persons who do not expect their jobs to ... Read Full Answer >>
  6. What data does the Bureau of Labor Statistics collect?

    According to its official website, the Bureau of Labor Statistics (BLS) collects "essential statistical data" about "labor ... Read Full Answer >>
Related Articles
  1. Retirement

    How Unemployment Affects You (Even If You're Working)

    Rebounding from a stint of unemployment can be a frustrating thing to do. These tips should soften the blow.
  2. Options & Futures

    Business Owners: Avoid Enron-esque Retirement Plans

    If your business administers a retirement plan, you should recognize what's at stake.
  3. Investing

    Can Donald Trump Really Win the Presidency?

    Understand why demographic trends and his lack of broad appeal are likely to keep Donald Trump from being a serious contender for the presidency.
  4. Economics

    What Does Infrastructure Mean?

    Examples of infrastructure include mass transit, communication, sewage, water and electric systems, plus roads, bridges and tunnels.
  5. Economics

    What's a Centrally Planned Economy?

    A centrally planned economy is one where the government controls the country’s supply and demand of goods and services.
  6. Professionals

    Can Young Workers Rely on Social Security?

    Young savers have time on their hands to take advantage of many investment strategies, and they should because Social Security alone might not be enough.
  7. Economics

    Sacrifices Necessary to Keep Puerto Rico Afloat

    After years of band aids and significant borrowing to meet its obligations, the time has come for meaningful reform in Puerto Rico.
  8. Economics

    Global Impact of China's Geopolitical Strategy

    China's geopolitical strategy is shifting the status quo from the Pacific to the Pentagon. Can the U.S. keep pace with Chinese military innovation?
  9. Economics

    3 Possibilities If Sanctions Against Iran Lift

    What would happen if sanctions against Iran were lifted?
  10. Economics

    Understanding Iran Sanctions by the US

    Considering US sanctions have been in place for almost 40 years, and Iran is still considered a troubled region, can we say they have been effective?

You May Also Like

Hot Definitions
  1. Topless Meeting

    A meeting in which participants are not allowed to use laptops. A topless meeting organizer can also ban the use of smartphones, ...
  2. Hedging Transaction

    A type of transaction that limits investment risk with the use of derivatives, such as options and futures contracts. Hedging ...
  3. Bogey

    A buzzword that refers to a benchmark used to evaluate a fund's performance. The benchmark is an index that reflects the ...
  4. Xetra

    An all-electronic trading system based in Frankfurt, Germany. Launched in 1997 and operated by the Deutsche Börse, the Xetra ...
  5. Nuncupative Will

    A verbal will that must have two witnesses and can only deal with the distribution of personal property. A nuncupative will ...
  6. OsMA

    An abbreviation for Oscillator - Moving Average. OsMA is used in technical analysis to represent the variance between an ...
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!