July 12th, H1B visa 2012 Cap count update. Filings down, Unemployment High
USCIS updated H1B cap count numbers late yesterday, Here are the numbers since last update by USCIS:
- New 600 cap eligible petitions were filed for Regular quota
- New 300 cap eligible petitions were filed for MS/Advanced degree quota.
July 7th, H1B cap count updates by USCIS :
|Regular H1B Cap H1B filings||19,000 of total 65,000|
|Advanced degree cap filing count||12,200 of total 20,000|
|Total H1B visa petitions received||31,200 of total 85,000|
History of the Cap count Updates are tracked on our H1B Visa 2012 Cap Count Tracking page as well.
July 4th Impact, Low filings. US economy- Less jobs added.
As speculated last week, July 5th H1B update, volume of H1B petitions filed went down…Regular quota filings were down by 400 from 1000 last week to 600 this week…similarly, advanced degree quota filings were down by 50% from 600 last week to 300 this week…Primary reason for the drop in filings was due to July 4th long weekend vacation break….If we look at the prediction from current trend, check below graph….regular quota might last beyond February 2012….unlike, advanced degree quota cap might be up by first week of October, 2011. H1B filings might pick up and be back to normal pace by next week…
As we review US economy and unemployment, nothing optimistic…Unemployment Data from US Department of Labor reported gain of only 18,000 jobs in June…The jobless rate hit 9.2% mark…As you can see the trend in jobs added in adjacent diagram, it clearly indicates sluggish recovery…With US federal deficit of 1.4 trillion and US government aiming to fix it slowly by potentially tightening the spending does not help the recovery…All this data and news indicates less demand for H1B workers….We just have to see federal Govt. action steps to fix the state of ailing American Economy…
Your thoughts on US economy and Future Job Prospects ?
Regular H1B cap Count 2012 Graph
Advanced Degree H1B cap count 2012 Graph
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