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 Says:
What exactly does the Department of Labor do? They answer this question on their official site: "The Department of Labor (DOL) fosters and promotes the welfare of the job seekers, wage earners, and retirees of the United States by improving their working conditions, advancing their opportunities for profitable employment, protecting their retirement and health care benefits, helping employers find workers, strengthening free collective bargaining, and tracking changes in employment, prices, and other national economic measurements. In carrying out this mission, the Department administers a variety of Federal labor laws including those that guarantee workers’ rights to safe and healthful working conditions; a minimum hourly wage and overtime pay; freedom from employment discrimination; unemployment insurance; and other income support." Related Terms:
Beige Book
Employment and Training Administration - ETA
Frictional Unemployment
Man-Year
Natural Unemployment
Social Responsibility
Structural Unemployment
Unemployment Rate Degree Of Operating Leverage (DOL)
A type of leverage ratio summarizing the effect a particular amount of operating leverage has on a company's earnings before interest and taxes (EBIT). Operating leverage involves using a large proportion of fixed costs to variable costs in the operations of the firm. The higher the degree of operating leverage, the more volatile the EBIT figure will be relative to a given change in sales, all other things remaining the same. The formula is as follows:
Investopedia Says:
This ratio is useful as it helps the user in determining the effects that a given level of operating leverage has on the earnings potential of the firm. This ratio can also be used to help the firm determine the most appropriate level of operating leverage in order to maximize the company's EBIT. Related Terms:
Degree Of Combined Leverage - DCL
Earnings
Earnings Before Interest & Tax - EBIT
Earnings Per Share - EPS
Leverage
Leverage Ratio
Net Income - NI
Net Operating Income - NOI
Operating Leverage |