U.S. Department of Labor

The U.S. Department of Labor (DOL) has been working towards its slogan of "Working for safer, fairer, and more rewarding workplaces across America since 1913." As a cabinet-level department of the federal government, it is responsible for overseeing various aspects of labor and employment in the United States. Under the leadership of the U.S. Secretary of Labor, Thomas Perez since July 2013, the DOL focuses on enhancing the welfare of workers, job seekers, and retirees. Its vast mission includes improving working conditions, expanding job opportunities, and ensuring work-related benefits and rights for all individuals. Established in 1913 and headquartered in Washington, D.C., the DOL administers and enforces over 180 federal laws that impact approximately 10 million employers and 125 million workers. This showcases the extensive reach and influence of the department, making it a crucial entity in the labor landscape of the U.S. Although the U.S. Department of Labor is not a traditional startup, its significance in shaping labor policies and regulations has a direct impact on the business environment and workforce dynamics. As an investor, understanding the governance, decisions, and strategies of such government entities is valuable for insight into the broader economic and labor market trends.