August 19th, 2004, 8:14 am
Bush actually suggested raising the number to boost the economy. So wait, if applications start 6 months prior, that does not mean those jobs are going to be counted in official payrolls statistics yet are they? They are going to be counted once these guys start working (in October or so)?Does anyone know how bad it is currently? I heard from one trader (European) who switched jobs in NY (big banks who can move mountains if they want) but since the H1 is company specific and there were no more H1s to get, the bank had to "park" him in Europe until new H1 become available. Is this how bad it is? To me this tells that 65000 H1 are going to be used up on no time once October comes around...