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Magic Valley Times

Friday, February 21, 2025

Magic Valley 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 Magic Valley 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 Magic Valley Times publication area submitted 453 petitions during the same period, achieving an approval rate of 99.8%.

While the Manufacturing industry led the H-1B filings with 381 petitions, representing 84.1% of all submissions in the Magic Valley Times publication area during 2024, the next largest contributor was the Professional, Scientific, and Technical Services industry, which accounted for 27 petitions and represented 6% of the total. Among petitions from employers in the Professional, Scientific, and Technical Services industry, 96.3% were approved and 3.7% were denied.

Among local employers with petitions categorized under the Finance and Insurance sector during 2024, Clearwater Analytics, LLC stood out with four petitions and an approval rate of 100%, followed by Sagitta, PC with one petition and an approval rate of 100%.

Compared to 2023, the Finance and Insurance sector in the Magic Valley Times publication area saw a 16.7% 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 Magic Valley Times Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Manufacturing38184.1%100%0%
2Professional, Scientific, and Technical Services276%96.3%3.7%
3Agriculture, Forestry, Fishing and Hunting143.1%100%0%
4Wholesale Trade102.2%100%0%
5Information71.5%100%0%
6Finance and Insurance51.1%100%0%
7Construction10.2%100%0%
7Health Care and Social Assistance10.2%100%0%
Employer H-1B Petitions in the Magic Valley Times Publication Area During 2024
Company NameIndustriesTotal Petitions% Approved% Denied
Micron Technology, Inc.Manufacturing358100%0%
Micron Idaho Semiconductor ManufacManufacturing20100%0%
J R Simplot CompanyAgriculture, Forestry, Fishing and Hunting14100%0%
Clearwater Analytics, LLCFinance and Insurance, Professional, Scientific, and Technical Services1392.3%7.7%
Cradlepoint, Inc.Information, Professional, Scientific, and Technical Services11100%0%
Micron Semiconductor Products, Inc.Wholesale Trade10100%0%
Z Data, Inc.Professional, Scientific, and Technical Services4100%0%
Power Engineers, Inc.Professional, Scientific, and Technical Services4100%0%
Idaho Milk Products, Inc.Manufacturing3100%0%
Lovevery, Inc.Manufacturing3100%0%
Rimon, PCProfessional, Scientific, and Technical Services2100%0%
Hummel Architects, PLLCProfessional, Scientific, and Technical Services2100%0%
Williams Partners Architects, P CProfessional, Scientific, and Technical Services1100%0%
Sagitta, PCFinance and Insurance1100%0%
Micron New York Semiconductor ManuManufacturing1100%0%
LA Ruche Health, Inc.Professional, Scientific, and Technical Services1100%0%
Jasper Health, Inc.Health Care and Social Assistance1100%0%
Guerdon, LLCConstruction1100%0%
Eon Collective, LLCProfessional, Scientific, and Technical Services1100%0%
Cooper Development and Manufacturing, LLCManufacturing1100%0%
Boise Cascade CompanyManufacturing1100%0%

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