Live Stock Market Updates During the Coronavirus Pandemic
H-1B
A skilled-worker visa, the H-1B is used by U.S. employers to fill roles in tech, finance, accounting and other specialized fields. New H-1B visas are capped at 85,000 a year, and about three-quarters are used by technology companies. There were 189,847 workers on H-1Bs in 2019.
H-2B
The H-2B visa is used by U.S. employers for temporary nonagricultural jobs, such as cooks, landscapers and groundskeeping staff, cleaners and forestry and conservation workers. There were 97,623 workers on such visas last year. Officials said there would be exemptions for food processing workers under President Trump’s executive order.
H-4
The H-4 allows spouses and families of H-1B and H-2B visa holders to live in the United States.
J
The J visa category is for exchange program applicants coming to the United States to study or work, including au pairs, interns, camp counselors and researchers. There were an estimated 230,000 people on J visas in 2019. Two administration officials suggested that parents could seek waivers to the ban on au pairs.
L
The L visa is for international companies who want to transfer managers or executives to U.S. branches for monthslong or yearslong stings. There were 76,988 such visas in 2019.
Green Cards
Monday’s order also extends a 60-day prohibition on the issuance of green cards to most foreigners looking to live in the United States that the president ordered in April.
Who’s Not Affected
Administration officials said the president’s order would not affect people outside the United States who already have valid visas or seasonal farm workers, whose annual numbers have ranged from a low of about 50,000 to a high of about 250,000 in the past 15 years, the New York Times’s Michael D. Shear and Miriam Jordan reported. There will be a narrow exception under Mr. Trump’s ban for certain medical workers dealing with coronavirus research, officials said.
Article source: https://www.nytimes.com/2020/06/23/business/stock-market-today-coronavirus.html