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Weber Times

Thursday, February 20, 2025

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

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Jennifer B. Higgins, Deputy Director, U.S. Citizenship and Immigration Services | https://medium.com/the-u-s-digital-service/meet-the-dhs-digital-service-champions-may-2018-caee7dade2b

Jennifer B. Higgins, Deputy Director, U.S. Citizenship and Immigration Services | https://medium.com/the-u-s-digital-service/meet-the-dhs-digital-service-champions-may-2018-caee7dade2b

Employers classified under the Finance and Insurance industry based within the Weber Times publication area, submitted five 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 Weber Times publication area submitted 14 petitions during the same period, achieving an approval rate of 100%.

The Finance and Insurance industry led the H-1B filings in the Weber Times publication area during 2024, with five petitions (35.7% of all submissions), and an approval rate of 100%.

Compared to 2023, the Finance and Insurance sector in the Weber Times publication area saw a 25% increase 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 Weber Times Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Finance and Insurance535.7%100%0%
2Manufacturing214.3%100%0%
2Educational Services214.3%100%0%
4Wholesale Trade17.1%100%0%
4Retail Trade17.1%100%0%
4Professional, Scientific, and Technical Services17.1%100%0%
4Construction17.1%100%0%
4Administrative and Support and Waste Management and Remediation Services17.1%100%0%
Employer H-1B Petitions in the Weber Times Publication Area During 2024
Company NameIndustryTotal Petitions% Approved% Denied
America First Credit UnionFinance and Insurance4100%0%
Toyo Pumps North America, LLCManufacturing2100%0%
Weber School DistrictEducational Services2100%0%
Amer Sports Winter and Outdoor ComWholesale Trade1100%0%
Bank of UtahFinance and Insurance1100%0%
Bonneville Meats, LLCRetail Trade1100%0%
Datafy, LLCProfessional, Scientific, and Technical Services1100%0%
Harris Mountain West, LLCConstruction1100%0%
Hawx Services, LLCAdministrative and Support and Waste Management and Remediation Services1100%0%

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