To favour something is to prefer it. To do someone a favour means to do something for them without being paid for it. A "party favour" is something given away at parties.
Kevin Rudd represents the Australian Labor Party.
American Labor Party ended in 1956.
Queensland Labor Party was created in 1957.
Queensland Labor Party ended in 1962.
Israeli Labor Party was created in 1968.
Labor Party - Hawaii - was created in 1908.
Australian Labor Party was created in 1901.
People's Labor Party was created in 1990.
American Labor Party was created in 1936.
Labor-Progressive Party was created in 1943.
Labor-Progressive Party ended in 1959.