VMS Help  —  MACRO  /ALPHA  Label Addresses
    In the absence of optimization and automatic data alignment,
    label addresses are defined to be the psect and offset of the
    current location counter at the point where the label is defined.
    When either optimization or automatic data alignment are enabled,
    the following additional considerations apply.
Additional Information: explode extract
Label Addresses, Optimization, and Code Alignment Label Addresses and Automatic Data Alignment
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