Clifford Chance

Government Report On The State Of Labor Market Competition Confirms Focus Of Biden Administration And Antitrust Agencies

March 17, 2022

Labor was a key focus of President Biden's antitrust-related Executive Order 14036, Promoting Competition in the American Economy (the "Executive Order"), signed on July 9, 2021. The Executive Order called for a report on "the effects of [a] lack of competition on labor markets" prepared by the Department of the Treasury's Office of Economic Policy, in consultation with the Attorney General, the Secretary of Labor, and the Chair of the FTC (the "Report"). On March 7th, the Department of the Treasury released the Report and introduced it at a roundtable consisting of Secretary of the Treasury Janet L. Yellen, Attorney General Merrick Garland, Secretary of Labor Marty Walsh, Chair of the Federal Trade Commission Lina Khan, Chair of the Council of Economic Advisors Cecilia Rouse, and Director of the National Economic Council Brian Deese.

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