America will observe the newest federal holiday of Juneteenth as a nation for the second time this year.
The stock markets are closed today, as are most banks. The United States Postal service will also not be operating.
The New York Stock Exchange (NYSE) highlighted the Juneteenth holiday in a tweet yesterday, also sharing that they would be observing the holiday today by keeping markets closed.
As noted by Axios, “about 30% of private employers are offering Juneteenth as a paid holiday compared to 8% in 2020, according to survey data from the Wisconsin-based International Foundation of Employee Benefit Plans.”
Axios also reported that “96% of businesses offering the day off started in 2020 amid discussions of racial injustice following the death of George Floyd.”
Juneteenth formally became a federal holiday last year, via a proclamation issued by President Joe Biden.
On June 18th of last year, Biden announced the creation of the federal holiday, sharing with the nation why he saw the day as worthy of commemoration.
On June 19, 1865 — nearly nine decades after our Nation’s founding, and more than 2 years after President Lincoln signed the Emancipation Proclamation — enslaved Americans in Galveston, Texas, finally received word that they were free from bondage. As those who were formerly enslaved were recognized for the first time as citizens, Black Americans came to commemorate Juneteenth with celebrations across the country, building new lives and a new tradition that we honor today. In its celebration of freedom, Juneteenth is a day that should be recognized by all Americans. And that is why I am proud to have consecrated Juneteenth as our newest national holiday.”
The White House tweeted yesterday in commemoration of the holiday, as did Joe Biden.
Kamala Harris also highlighted the holiday – by hosting a Juneteenth celebration at the Vice President’s Residence.