June 28, H1B visa 2012 update- 1,600 filed – Low Consumer Confidence ?
USCIS updated H1B cap count numbers late yesterday, considering all the petitions received until June 24th, 2011.
Here are the numbers since last update by USCIS:
- New 1,100 cap eligible petitions were filed for Regular quota
- New 500 cap eligible petitions were filed for MS/Advanced degree quota.
June 24th, H1B cap count updates by USCIS :
|Regular H1B Cap H1B filings||17,400 of total 65,000|
|Advanced degree cap filing count||11,300 of total 20,000|
|Total H1B visa petitions received||28,700 of total 85,000|
History of the Cap count Updates are tracked on our H1B Visa 2012 Cap Count Tracking page as well.
H1B Filings Trend – Consistent – US economy – Consumer Confidence Low
Well, folks there is not a lot of change in the volume of H1B petitions filed this week. If we compare the filings this week with last week, June 21st H1B cap count update, the volume of H1B petitions filed under regular quota stayed constant at 1,100…whereas, the volume petitions filed under advanced degree decreased slightly by 100 from 600 last week to 500 this week. There was no major news on any front, so the pace of the petitions filed remained constant…if the current pace of filings continue, the regular quota H1B cap for FY 2012 will last beyond February 2012, Unlike the advanced degree quota cap may be exhausted by early October 2011. You can view the trend and prediction in below graphs…
Looking at US economy, the conference board released consumer confidence index for june…the news does not look good, the consumer confidence declined further in June than in May….Lower consumer confidence index indicates poor outlook of the economy by consumers, especially Unemployment rate and overall health of US economy. Added to this, the consumer spending did not increase in May, breaking the 10 month streak of gains…the Fed’s stimulus of 600 billion dollars is ending by this month end…Consumers savings have gone up…All this news leads to an unhealthy US economy and slow recovery…What it means to prospective H1B visa holders is that, it may be a little challenging…the only positive side is that the quota might last longer…
Regular H1B cap Count 2012 Graph
Advanced Degree H1B cap count 2012 Graph