What is Labor Day anyway?

Many people get together with family and friends for a grill out and the fireworks over the river is an event not to be missed.
Most offices and I think all the schools are closed the first Monday of September. Stores run Labor Day sales. Cinemas try to encourage viewers to spend their off day catching the latest flick.
But why all this?
I suppose we are taking a day off work to celebrate the work we do. I truly love the concept, but in all reality, I (like many people) look at Labor day as a day to catch up on all my chores. All the things I put off during the summer due to my job.
On this fine Labor Day, I would have loved to sleep in, but instead I got out of bed at 6:30 (which I guess is sleeping in a little bit) to fold laundry and straighten up while the family was still asleep. I didn't want to miss the opportunity for peace and quiet. I wish I could vacuum but I am not about to blow this moment.
Later, I will probably run some errands (I just learned Alex needs new shoes and could probably use some clothes too.) I'll battle the crowds to try and save a buck or two. Pete will have some house project to attend to and my kids have had an extra day to procrastinate on their homework.
I wonder if Cinderella ever celebrated Labor Day.
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Today, it's mostly just a day off.