May Day

(redirected from Labor Day)
Also found in: Dictionary, Thesaurus, Acronyms, Encyclopedia, Wikipedia.

May Day

The date of May 1, 1975, after which brokers were allowed to charge any brokerage commission, rather than a mandatory rate.

May Day

1. Informal; the first date on which brokerages were allowed to charge commissions below the previous minimum commissions. On May Day, brokers were permitted to negotiate commissions directly with clients for the first time. May Day occurred on 1 May 1975.

2. A holiday for workers that occurs on the first of May. May Day is a significant day for leftist groups and other proponents for the working class. It is more commonly celebrated in Europe than in the Americas. See also: Labor Day.

May Day

A widely used reference to May 1, 1975, the date on which brokerage commissions on securities became negotiable. May Day ushered in discount brokerage firms that charge investors reduced fees.
References in periodicals archive ?
The (https://about.usps.com/newsroom/events/) United States Postal Service (USPS) is also closed for Labor Day and will not be delivering mail or packages on this day.
But it is still valuable to use Labor Day to consider the history of labor in the U.S., especially Illinois' role in it not just to appreciate what it produced but also remain committed to the fundamental goal of ensuring equality and justice for employees, whatever their industry.
-Ventura, California??For a Labor Day experience that's easy on the wallet, CheapOair recommends visiting one of Pennsylvania's many theme parks for their annual holiday celebrations, or booking a tour through the beaches of Ventura, California.??CheapOair specializes in providing cheap flights and great last-minute flight deals for travelers worldwide.
"Labor Day is devoted to no man, living or dead, to no sect, race or nation."A 6A Samuel Gompers
Duterte had personally met with labor leaders on Labor Day in Davao in 2017 and Cebu in 2018.
As of today, Labor Day holds multiple dates, celebrated in multiple capacities.
555 issued by President Rodrigo Duterte declaring May 1, 2019, as a regular holiday for the observance of the Labor Day.
The first observance of what became Labor Day happened in 1882, when thousands of workers called off work in New York City to march in favor of an eight-hour workday--and generally against corrupt corporate interests.
BEIRUT: Protests to mark Labor Day on May 1 will be held Monday as labor unions and parties called for a wide turnout to demonstrate against recent policies that affect employees and workers.
Mohamed el-Sobki, head of the Mint Authority, said that the department is keen on participating in every year's Labor Day celebrations by designing a special tailor-made shield to be presented to the president.
Laborers may willingly work on Labor Day, with or without payment of higher than normal wages.
Caption: LABOR DAY -- A huge number of workers turned out Saturday to mark International Labor Day in Tehran.