Department Of Labor

By: Bobbi & Angelica

Abbreviation: DOL

Main Purposes:


Mission: To foster, promote, and develop welfare of the wage earners, job seekers and retirees of the U.S.

History

This was established in March 4th, 1913. President William H. Taft created it. It was created to foster, promote and develop the welfare of working people, to improve their working conditions, and to advance their opportunities for profitable employment.

Head of Department.

The head of the agency is Thomas Perez. He got appointed to work in this field because he had background experience in working in the field of study. He was a American politician, consumer advocate, and a civil rights lawyer. He has committed to making good on the promise of opportunity for all, giving every working family a chance to get ahead, and putting a middle-class life within reach of everyone willing to work for it

Current Issues, Unemployment Insurance Weekly Claims.

1. The advance seasonally adjusted insured unemployment rate was 1.8 percent for the week ending December 6, a decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 6 was 2,373,000, a decrease of 147,000 from the previous week's revised level. The previous week's level was revised up 6,000 from 2,514,000 to 2,520,000. The 4-week moving average was 2,397,000, an increase of 10,000 from the previous week's revised average. The previous week's average

was revised up by 1,500 from 2,385,500 to 2,387,000.

Current Issues, The Economic Impact of Unemployment Insurance

2. For over 75 years, the Unemployment Insurance system has helped workers, families, and the American economy get back on their feet. In 2009 and 2010, congress strengthened unemployment insurance for those out of work longer than six months, and helped 17 million people as our nation recovered from the deepest recession since the Great Depression. In December of last year, the President brokered a bi-partisan compromise that extended the current system through February, keeping over 2 million Americans from losing this lifeline in the first two months of 2012.

Without action from Congress by the end of February, 4.5 million people –who lost their jobs through no fault of their own – would be left without the support they desperately need. In addition, 8.3 million people, including 3.2 million children, currently living in households with individuals who would exhaust benefits would be adversely affected.

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