There has been a delay in update by USCIS this week, anyways they released H1B visa cap count updates earlier today. They counted all the petitions received until April 22nd, 2011. Here are the numbers :
- New 900 cap eligible petitions were filed for Regular quota
- New 800 cap eligible petitions were filed for MS/Advanced degree quota.
April 27th H1B cap count updates by USCIS :
|Regular H1B Cap H1B filings||8,000 of total 65,000|
|Advanced degree cap filing count||5,900 of total 20,000|
|Total H1B visa petitions received||13,900 of total 85,000|
H1B filings analysis – Economy Forecast good – More inflation, More jobs
Well folks, it is a little surprising to see the drop in volume of H1B petitions filed towards regular quota this week…whereas there is an increase in petitions towards advanced degree…The variance is very little…nothing to worry ! Anyways, the regular quota filings were down by 300 from 1200 last week to 900 this week…whereas, advanced degree quota filings were up by 200 from 600 last week to 800 this week. Overall, the total number of petitions filed stayed right around last week’s total..just a 100 less…The prediction is not the best as we only have three data points…Check the below graphs for comparison..if we just use the data at hand and assume the same pace of filings, Advanced degree cap may be complete by early November 2011…on the other hand, regular cap may last even longer than last year…I do not believe this will be true…but thats what our prediction algorithm says with less data…remember, it does not consider macro economic factors…
Federal Reserve announced some big numbers today, the most important numbers that matters to us are unemployment…They forecasted the unemployment rate to be between 8.4% and 8.7%, which is less than earlier expectations of 8.8% to 9%. They expect the inflation to range from 2.1% to 2.8%, which is much higher than their earlier forecast of 1.3% to 1.7%... Inflation in general can be very tricky, but fed can control it…Anyways, the outlook looks decent for Jobs, we may expect more hiring of H1B visa holders this year…We just have to see how it turns out…
What are your thoughts on Economy ?
Regular H1B cap Count 2012 Graph
Advanced Degree H1B cap count 2012 Graph