Nike stores closed on Sunday while the stock exchange, USPS closed on Monday

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More and more companies are giving their employees the day off on June 19, a year after it became the 11th federal holiday.

Why is this important: Amid discussions of racial injustice following the death of George Floyd, 8% of private employers offered Juneteenth as paid leave in 2020, up from 30% this year, according to survey data from Wisconsin. International Employee Benefit Plan Foundation.

  • Since Juneteenth falls on a Sunday this year, Monday is the day most businesses, including the federal government, will officially recognize the day in 1865 when slaves in Texas learned they had been freed two years earlier. by the Emancipation Proclamation, Axios’ Ross reports Terrell.
  • Job search database The Randstad USA survey out of 1,030 American workers found that 43.5% will have a day off for Juneteenth, Bloomberg reported, noting that this was an 11% increase from 2021. But half of workers said they were not paid for the day off.

The big picture: Americans are more familiar with Juneteenth than a year ago, when President Biden signed into law a bill to make it a federal holiday, according to a new Gallup poll, reports Oriana Gonzalez of Axios.

Meanwhile, The Conductor marketing platform has seen an increase in people searching for Juneteenth.

  • Prior to 2020, Conductor said it was normal to see an average of 3 million people searching to learn more about Juneteenth each June.
  • Conductor now sees over 32 million searches on Juneteenth, an increase of over 870% since 2020.

Rollback: Since Juneteenth became a federal holiday days before the holidays in 2021, many businesses, including the US Postal Service and stock markets, didn’t have time to mark the day last year.

What they say : “For businesses, giving employees a day off is a great place to start, especially if it’s something that’s specifically requested by employees as a benefit that would be meaningful to them,” Joshua DuBois told Axios. , founder and CEO of the Gauge news platform. .

  • “It’s kind of like this was the first year that a lot of employers could have had the ability to make changes if they wanted to,” said Julie Stich, vice president of content at the International Foundation. employee benefit plans, in an interview with Axios. .
  • “It could be something that grows as we go forward like Martin Luther King Jr. Day when it became a federal holiday,” Stich said. “People didn’t embrace it immediately, but that adoption grew over time.”

By the numbers: The Foundation’s 2022 Employee Benefits Survey found that 46.7% of private employers offered Martin Luther King Jr. Day as a paid holiday in 2022, up from 43% in 2020. federal holiday in 1983.

Nike closes its stores on Sunday June 19

Nike to close retail stores in the United States and distribution operations on Sunday, June 19, the company confirmed to Axios.

  • Converse corporate, manufacturing and distribution operations will be closed on Monday, June 20, and Nike manufacturing operations in Missouri will be closed on June 19 and 20.
  • Nike has made Juneteenth an official company holiday in 2020 with Target, Best Buy and Starbucks keeping stores open for Juneteenth in 2022.
Banks and Stock Exchange closed on Monday

US stock markets and banks are closed for June 16, 2022.

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