Alexander Acosta testifies last month at his confirmation hearing before the Senate Health, Education, Labor and Pensions Committee. The Senate confirmed Acosta as labor secretary on Thursday.
Manuel Balce Ceneta/AP
The exterior of the New York Stock Exchange on Feb. 10. A lobbying battle is being waged over a rule requiring financial advisers to act in their clients' best interest in retirement planning.
Bryan R. Smith/AFP/Getty Images
During the presidential campaign, President Trump called the Labor Department's unemployment rate "phony." The first jobs report of his presidency is due out on Friday (though it will largely be a reflection of the end of Obama's term).
Labor Secretary Tom Perez speaks at a governors meeting in July. Under current rules, advisers "say things like 'we put our clients first,' " Perez said this week. Going forward, "this is no longer a slogan. It's the law."
Labor Secretary Thomas Perez, pictured in 2015, says, "If you get hurt on [the] job, you still should be able to put food on the table, and these laws are really undermining that basic bargain."
A shopper walks past a store with a "Help Wanted" sign last month in New York. The Bureau of Labor Statistics reported a 9-cent rise in the average hourly earning rate for October.