| the department of the U.S. federal government that promotes and improves the welfare, opportunities, and working conditions of wage earners. Abbreviation: DOL |
A department of the federal executive branch concerned with improving working conditions and employment opportunities for laborers. Its programs include job training (especially for the poor), appraising manpower resources and needs, and regulating occupational safety.
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 Commentary
See also: Beige Book, Frictional Unemployment, Natural Unemployment, Social Responsibility, Structural Unemployment, Unemployment Rate
Also spelled: DOL