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Friday, February 21, 2025

West Stark News Publication Area: How many H-1B petitions were made by employers classified under the Finance and Insurance industry during 2024?

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Tammy Meckley, Associate Director, Immigration Records and Identity Services Directorate for USCIS | https://www.dhswatchlist.com/

Tammy Meckley, Associate Director, Immigration Records and Identity Services Directorate for USCIS | https://www.dhswatchlist.com/

Employers classified under the Finance and Insurance industry based within the West Stark News publication area, submitted two H-1B petitions during 2024, according to data provided by the U.S. Citizenship and Immigration Services via the H-1B Employer Data Hub. All of these petitions were approved.

Employers are classified under industries based on their reported operations and may be involved in multiple industries.

The H-1B visa program allows U.S. employers to temporarily hire foreign workers in specialty occupations requiring specialized knowledge and at least a bachelor’s degree or equivalent. It is designed to address skill gaps in the U.S. workforce while ensuring wage standards to protect both U.S. and H-1B workers. Employers must certify that they will pay H-1B workers wages equal to or greater than those of similarly qualified U.S. employees or the prevailing local wage.

The average approval rate for H-1B petitions across the United States in 2024 stood at 98%, slightly higher than 2023's 97.3%. Locally, employers across all industries located within the West Stark News publication area submitted 83 petitions during the same period, achieving an approval rate of 100%.

While the Professional, Scientific, and Technical Services industry led the H-1B filings with 50 petitions, representing 60.2% of all submissions in the West Stark News publication area during 2024, the next largest contributor was the Health Care and Social Assistance industry, which accounted for 13 petitions and represented 15.7% of the total. Among petitions from employers in the Health Care and Social Assistance industry, all were approved.

Compared to 2023, the Finance and Insurance sector in the West Stark News publication area saw a 50% decrease in the number of H-1B petitions during 2024.

The United States admits around 1 million legal immigrants annually, most of whom receive permanent residence (green cards) through family sponsorship or employment-based visas. In 2023, about 1.2 million immigrants were granted green cards, a return to pre-pandemic levels. Temporary visa programs, such as the H-1B for highly skilled workers and H-2A for seasonal agricultural workers, also play a critical role in filling workforce needs.

Public opinion on immigration varies, with 46% of Americans favoring maintaining current legal immigration levels, according to a 2024 Pew Research Center survey. Additionally, 42% believe that highly skilled workers, such as scientists, doctors, and programmers, should be prioritized for legal immigration, compared to 25% who prioritize workers filling labor shortages and 19% who emphasize family sponsorship. Despite this, family sponsorship remains the most common path to permanent residency, accounting for 63% of green cards issued in 2023.

The data in this article comes from the H-1B Employer Data Hub provided by the U.S. Citizenship and Immigration Services (USCIS). While USCIS strives for accuracy, manual data entry and errors on paper forms submitted by applicants or petitioners may result in discrepancies in employer names, tax IDs, locations, or other details.

H-1B Petitions by Industry in the West Stark News Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Professional, Scientific, and Technical Services5060.2%100%0%
2Health Care and Social Assistance1315.7%100%0%
3Manufacturing1214.5%100%0%
4Other Services (except Public Administration)33.6%100%0%
5Finance and Insurance22.4%100%0%
5Arts, Entertainment, and Recreation22.4%100%0%
Employer H-1B Petitions in the West Stark News Publication Area During 2024
Company NameIndustryTotal Petitions% Approved% Denied
Usacs Medical Group, Ltd.Professional, Scientific, and Technical Services38100%0%
Canton Medical Education FoundatioProfessional, Scientific, and Technical Services8100%0%
The Timken CompanyManufacturing6100%0%
Travis County Emergency Physicians PAHealth Care and Social Assistance5100%0%
Aultman HospitalHealth Care and Social Assistance3100%0%
AHN Medical Group, LLCHealth Care and Social Assistance2100%0%
Aultman Medical Group, Inc.Other Services (except Public Administration)2100%0%
Diebold Nixdorf IncorporatedManufacturing2100%0%
Tektrnd, LLCProfessional, Scientific, and Technical Services2100%0%
Technibus, Inc.Manufacturing2100%0%
Usacs Medical Group of California, Inc.Health Care and Social Assistance1100%0%
United Architectural Metals, Inc.Professional, Scientific, and Technical Services1100%0%
Tmsi, LLCProfessional, Scientific, and Technical Services1100%0%
The Metrohealth SystemHealth Care and Social Assistance1100%0%
Stackpole Engineering Services, Inc.Arts, Entertainment, and Recreation1100%0%
Shearers Foods, LLCManufacturing1100%0%
Scott Sheldon, LLCProfessional, Scientific, and Technical Services1100%0%
Perinatal and Pediatric Services, Inc.Health Care and Social Assistance1100%0%
National Inventors Hall of Fame inArts, Entertainment, and Recreation1100%0%
Gospel Light Mennonite Church Medical Aid PlanFinance and Insurance1100%0%
Emsco, Inc.Other Services (except Public Administration)1100%0%
Downing Wellhead Equipment, LLCManufacturing1100%0%
Aultcare, Corp.Finance and Insurance1100%0%

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