How much does a federal holiday cost us economy?

Federal holidays can cost the U.S. economy an estimated $500 million to $1 billion in lost productivity, as many businesses close and employees take the day off. This impact varies depending on the holiday and the sectors affected. However, the economic benefits of holidays, such as increased consumer spending and employee morale, can offset some of these costs. Overall, the net effect on the economy can be complex and context-dependent.