US Visa Latest News 2024: H2B VISA Cap Increased Amids Labor Shortages

The H2B visa cap, which is a significant US work permit visa, has been increased by the US government. The changes made by the federal government are due to the challenges faced in the labour market. The shortage of non-agricultural workers led to an addition of 64,716 visas to the cap.

The H2B visa program is a vital part of the visas available under the US migrant visa. According to the US visa, the latest news. The new regulation on the H2B visa cap regulation is crucial for the US market landscape in order to fill job roles in sectors like tourism, construction and food processing, among many others. The visa cap was originally 66,000 visas, but reached its limits quickly due to the high demand. 

The addition of 64,716, as per the latest us visa news, has increased the visa cap to 131,716 visas. The increase in the number of visas allowed under the US migrant visa viz. HB2 visa was implemented under the September 2023 Continuing Resolution, which was a collaborative effort of DHS (Directorate of Health Services) & DOL (The Department of Labour). The step was undertaken to keep the ever-growing need for temporary and seasonal workers alongside a balance in the rights of the USA and the workers hailing from foreign countries. 

The increase in the visa cap is meant to support the seasonal and traditional industries by ensuring proper planning and an ample workforce in the market. But, according to experts, dialogues are in progress about the availability and complexity seen in the labour market in the USA. 

As the H-2B visa program continues to be an essential tool for managing skill shortages in the U.S., the recent increase in visas marks a positive change for employers. However, it also underscores the need for continuous adjustments in the program. You look into the federal website for the deadline for the US working visa application.

In conclusion, the H2B visa cap increase will benefit businesses and employers affirmatively in various aspects of their operations and management. More visas mean more students in the universities, as an H2B visa allows students to enroll in higher studies. This, in turn, will add to the student housing shortages in the market, thus seeking more PBSA and HMOs for students. 

The UK market is a very resilient PBSA market, and an investment here will create a long-term income source for you. You may benefit by listing your property with us. Interested in finding more? Subscribe to amber news for updates on the student housing industry.