US increases restrictions for job seekers
United States, 26th July: The US job market is, no longer, welcoming to the foreigners seeking jobs here.
At least, that’s what the latest tough US visa rules seem to suggest. The number of jobs in the US has dried up considerably and this is something quite obvious if we have a look at the unemployment figures.
Poor job growth in the US—Growth of jobs in the US has come to stagnancy. Americans do accept the fact that the employment scene in the nation is disappointing. So, it is really difficult to find job positions in the US, says an expert in corporate finance and labor economics, John Ballantine.
Also a lecturer at International Business School at Brandeis University, Ballantine says the number of job positions has gone down considerably as compared to what it used to be some years ago.
This become evident after seeing the tougher US visa norms for US work visas. And this could be related to poor economic growth in Europe to some extent since it could mean slow growth of US jobs.
Position for foreigners worse--To make the entry of foreign workers strict in the US, the federal government also introduced a legislation for increasing US visa fee for US H-1B visas, US L-1 Visas and US work permits in the year 2010.
As an immigrant, things are even more difficult in the US job market, states Ballantine. That’s because foreigners are not the top priority in terms of getting hired for the jobs in the US, he further clarifies.
No hope of jobs boom in the US--The nation does not have any basic entry level job positions in MNCs (Multinational companies) and financial organizations. So, the job growth has come to a standstill, he maintains. The US has very high rate of joblessness.
This has been revealed by the Conference Board’s Employment Trends Index for the month of June. Job growth is going to remain slow this summer with no hope of improvement in this year.
Since the month of February this year, the Employment Trends Index has failed to show any improvement.
How the things in the US job market turn up in the coming time, only the time can tell.