August 3rd, H1B visa 2012 – No change in Filings-US Debt Ceiling – Job Cuts ?
USCIS updated H1B cap count numbers today, here are the numbers
since last update by USCIS. They have released cap count considering all petitions filed until July 29th, 2011.
- New 1,100 cap eligible petitions were filed for Regular quota
- New 500 cap eligible petitions were filed for MS/Advanced degree quota.
July 29th, H1B cap count updates by USCIS :
|Regular H1B Cap filings||22,700 of total 65,000|
|Advanced degree cap filing
|13,800 of total 20,000|
|Total H1B visa petitions received||36,500 of total 85,000|
History of the Cap count Updates are tracked on our H1B Visa 2012 Cap Count Tracking page as well.
H1B petitions Filings No Change. Debt ceiling impact on H1B Jobs ?
No change in the H1B filings volume this week. As we compare with last week filings, July 26th, 2011 H1B update, the volume of petitions received by USCIS for regular quota remained constant at 1,100 and those received for advanced degree quota remained same as last week as well at 500. As far as prediction goes, based on below prediction graphs, the regular quota should last well beyond February 2012, if the current pace continues…but, the Masters H1B quota is most likely to be exhausted by October first week, 2011. Coming to next week prediction, I do not see any significant events to impact the H1B filings volume. We should see filings volume similar to this week.
As discussed last week, the hot topic on the table “US Debt Ceiling Crisis” has been resolved by a deal in congress. The deal on US Deb ceiling will raise the debt ceiling by $400 billion immediately and further by $500 billion after September. Also, with the spending cuts of about $1.2 to $1.5 trillion over period of 10 years, the debt ceiling will increase between $2.1 to $2.4 trillion. Though the debt ceiling issue seems to be resolved, the spending cuts might impact the job outlook and increase unemployment. We have to see how the congress will reduce the spending cuts and help the US economy recovery….Added to this, various economic indicators have reached multi-month lows increasing concerns about recession in US economy…The announced job cuts rose to a 16 month high in July, US economy had worst 6 month window post recession, retail sales had smallest gain in June, Unemployment rate of 9.2% is highest in 2011, etc…All of these factors does not help the growth of demand for H1B workers in US…Going forward, it could get more challenging for internationals seeking H1B visa employment in America…We have to wait and see how the US Govt will accommodate the spending cuts without impacting the growth and job prospects.
What are your thoughts on Deb Ceiling deal and impact to H1B holders ?
Regular H1B cap Count 2012 Graph
Advanced Degree H1B cap count 2012 Graph
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