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Juneteenth

United States
About This Indicator4

About This Indicator

4 questions

Juneteenth National Independence Day, or Juneteenth, is one of 12 United States federal holidays. The name joins June with nineteenth, for June 19, 1865. Congress created it through Public Law 117-17, signed by President Biden on June 17, 2021.

It is the first new federal holiday since Martin Luther King Jr. Day, created in 1983. The U.S. Office of Personnel Management (OPM) administers it for the federal workforce, and USA.gov lists it in its American holidays guide. It commemorates Union Major General Gordon Granger's General Order No. 3 of June 19, 1865, issued in Galveston, Texas.

The order announced that the Emancipation Proclamation, the January 1, 1863 order freeing enslaved people in the Confederate states, was in effect there. It is not an economic indicator, so nothing is surveyed, sampled, weighted, or adjusted. It is not a nationwide closure order, and it is not Independence Day on July 4.

Juneteenth is observed every year on June 19, and no data are collected. A weekday June 19 is the holiday itself. If June 19 falls on a Saturday, the preceding Friday becomes the holiday for most federal employees. If it falls on a Sunday, the following Monday becomes the holiday under Executive Order 11582.

Staff on compressed schedules use in-lieu-of rules to choose a substitute weekday within their schedules. Part-time employees receive no substitute day. Employees who must work during qualifying holiday hours earn double pay at 200 percent.

OPM publishes the yearly holiday schedule, the Federal Reserve publishes its holiday calendar, and SIFMA issues market closure guidance. The date is fixed by statute and never revised; only the observed weekday shifts, and markets treat the day as a closure.

Juneteenth has no market-moving components, since it is a holiday rather than data. Its six fixed elements only set the date, the substitute weekday, pay, and closures.

  • Fixed statutory date, June 19: the legal holiday named in Section 6103(a).
  • Weekend-observance rule: moves a Saturday holiday to Friday and a Sunday holiday to Monday.
  • In-lieu-of determination: selects the substitute weekday for staff on nonstandard schedules.
  • Holiday premium-pay rule: provides double pay at 200 percent for required holiday work.
  • Market and bank observance: turns the federal holiday into closures for Federal Reserve offices, exchanges, settlement systems, and banks.
  • Historical commemoration content: recalls the 1865 Galveston announcement of freedom, not the act that ended slavery everywhere.

The Senate passed the bill on June 15, 2021 and the House on June 16, 2021, and President Biden signed it on June 17, 2021. June 19, 2021 fell on a Saturday, so Monday-to-Friday staff observed the holiday on Friday, June 18, with no retroactive substitute day. Exchanges added Juneteenth to their trading calendars later and first closed for it on Monday, June 20, 2022, when June 19 fell on a Sunday. Clearance and settlement systems and commercial banks were also closed that Monday, with SIFMA recommending a full market close.

  1. Statutory date: start from June 19 every year, with no weights or adjustments.
  2. Weekday rule: if June 19 falls Monday to Friday, that day is the holiday.
  3. Saturday rule: if June 19 falls on Saturday, the preceding Friday, June 18, is the observed holiday.
  4. Sunday rule: if June 19 falls on Sunday, the following Monday, June 20, is the observed holiday.
  5. Nonstandard schedules and pay: use in-lieu-of rules for compressed schedules, grant part-time staff no substitute day, and pay required holiday work at 200 percent.
  6. Worked example: if June 19 is a Saturday, the Saturday rule applies: the holiday is observed Friday, June 18, with no adjustment or estimation.

Key point

Juneteenth announced freedom in Texas; it did not legally end slavery everywhere, and it is not July 4. A federal holiday covers federal employees and the District of Columbia only; states and private firms decide for themselves.

No historical data available

Indicator questions

Source · Government Portal — USView Source