Labor Day is a U.S. federal holiday observed on the first Monday in September. It became a federal holiday in 1894 to celebrate workers and their achievements. It has also become the “unofficial” end of summer as by this time schools have reopened and most summer vacations have ended. Both federal and state offices are closed along with schools. It is also a bank holiday as well and the stock markets are closed. However most retail stores stay open while most professionals (doctors,lawyers and others along with their support staff) get the day off.