Labour Day is an annual holiday celebrated to honor the contributions of workers to society. In the United States and Canada, it is observed on the first Monday of September, while many other nations celebrate International Workers' Day on May 1st. This holiday typically results in the closure of major stock and bond markets in the respective countries. It often marks the unofficial end of summer and a return to higher market volatility as institutional traders return to their desks.
The date is determined by national legislation; in the US and Canada, it is the first Monday of September. In most other countries, it is a fixed date on May 1st.
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