Department Of Labor - DOL

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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.

BREAKING DOWN '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.

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RELATED FAQS
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    Although specifically prohibited by employment law, employer retaliation against whistleblowers for exposing employers' wrongdoings ... Read Full Answer >>
  3. 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 >>
  4. 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 >>
  5. 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 >>
  6. 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 >>
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    According to its official website, the Bureau of Labor Statistics (BLS) collects "essential statistical data" about "labor ... Read Full Answer >>

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