Yet another Monday, USCIS has been very prompt with its weekly H1B cap count updates…Earlier today, they released the cap count updates for fiscal year 2013 . The numbers include all the H1B petitions that USCIS received until Friday, May 11th, 2012. Here is the summary of the update:
- 4,200 new H1B petitions were filed under Regular quota
- 1,100 new H1B petitions were filed under Masters degree quota
H1B Visa 2013 cap count updates by USCIS on May 14th, 2012:
|H1B Petition Filings||Total Cap||Current Cap count|
|Advanced degree Quota
|Remaining H1B Cap||33,500|
Spike in Filings, H1B visa cap Prediction. Positive Outlook on US Economy
Yet another week in our H1B 2013 season…slight shift in numbers and slight movement in the prediction date..Lets play the H1B cap numbers game…as we compare with last week, May 8th H1B 2013 cap update , H1B regular quota filings were up by 900 from 3,300 last week to 4,200 this week…unlike, masters quota filings were down by 300 from 1,400 last week to 1,100 this week. Overall, the H1B petitions filed were up by 600 from 4,700 to 5,300 this week. In fact, we are getting closer to the average pace of filings in the month April, which was about 5,300 per week.
As we look at the H1B predictions for fiscal year 2013, very slight change in prediction dates as well. Based on linear regression, the data suggests that H1B regular quota cap can be exhausted by July 8th and Masters quota cap can be exhausted by June 17th, 2012. Overall, we have about 28,300 H1B Slots left under regular quota and 5,200 H1B slots remaining under Masters quota. Also, we can expect some surge in H1B Masters quota filings as it mid May and it is Spring graduation time…In fact, international students get their final grades, including degree transcript to file H1B petition around Spring graduation time….If you are a Masters student and planning to file for FY 2013, hurry up !
Some real good news from US Economy perspective, the University of Michigan Consumer Sentiment index (UMCSI) rose to its highest level in 4 years, it is at 77.8…It indicates positive outlook on employment situation and spending by US consumers…the UMCSI is used by all major corporations for decisions related to increasing workforce and demand forecast…Maybe, we can expect more hiring…more jobs, only bad news is inflation continues to decelerate, but fed is not too much worried as they can manage it…Also, Fed economists forecast the US unemployment rate will most likely average at 8.1% in 2012 and can decrease to 7.7% in 2013. Based on the forecasts, we can expect more demand for advanced skilled workers in 2013, which means higher demand for H1B visa 2014 filings…Overall, US economy looks better than the last couple of years and H1B workers will continue to have good demand…
What are your thoughts on H1B prediction and US economy ?
You can follow all the H1B updates at H1B visa 2013 Tracker