USCIS updated the H1B cap count numbers earlier this morning. As of December 17th, 2010 the updated H1B petition filing numbers since last week are:
- New 1,500 Cap eligible H1B visa petitions were filed under regular Quota.
- New 600 cap eligible H1B petitions under Advanced degree cap.
December 17th, 2010 USCIS official H1B cap count update:
|Regular H1B Cap H1B filings||53,900 of total 65,000|
|Advanced degree cap filing count||19,700 of total 20,000|
|Total H1B visa petitions received||73,600 of total 85,000|
H1B filings – Advanced degree cap almost done…Economy – Tax-bill passed
It is a general human tendency to rush at the last minute as the deadline is approaching or something is about to run out….same case with filing H1B petitions…If we compare with last week, Dec 13th, H1B cap count update, there has been a significant surge in advanced degree H1B petitions filings… couple weeks ago, only 300 petitions were filed under that Masters category, but this week we have 600 petitions filed…believe it or not, there are only 300 left in this quota…I am sure they are already done because LCAs would have been filed a week prior to actual filing of the petition….The regular cap filings were also up from 1,200 last week to 1,500 this week… There has been very good movement in the numbers in the last few weeks with the exception of thanksgiving week….
As I mentioned last week, USCIS may set aside 6,800 for Chile and Singapore trade agreements. So, in worst case we are left with 58,200 (65,000 – 6,800 )… Just to clarify about these visas, unused visas from the total 6,800 set aside from previous year will be added to this years quota…In year 2008 for FY 2009 only 700 were used and remaining 6,100 were added to 58,200 to get to 64,300 for FY2010 quota. For this year, USCIS has not published how many of the 6,800 visas were used last year for FY 2010 quota….we have to take a guess here… my guess would be as the economy and conditions look similar we can expect around same number of visas used last year as well…if we assume 1000 visas were used last year, we would have 5,800 added to this year quota…The best case would be 58,200 + 5,800 = 64,000…this is based on our assumption…
The advanced quota will most likely be done next week and the regular quota, if it continues at current pace, worst case (remaining visas 58,200 – 53,900 = 4,300 ) can last for next 3 to 5 weeks…and the best case (remaining visas 64,000 – 53,900 = 10,100) can last for about 6 to 8 weeks…Whew…!!! Too much of number crunching and analysis this week folks…read it again, if confusing…
From an economy perspective, it looks very promising…the Bush-era tax cuts bill we were talking last week, was signed by president Obama into law. It is a whopping $858 billion dollar bill that was singed into law…though it will create deficit, majority supported it and it is a law now…the consumer spending is up and the economy is catching up as the year end is approaching…As we look at the economic calendar and forecasts by Marketwatch, the economic indicators look very good and we seem to be heralding into 2011 with strong economic outlook…
What do you think of the H1B Visa quotas coming close ?
What are your thoughts on Economy ?
Regular H1B cap Count 2011 Trend Graph
Advanced Degree H1B cap count 2011 Graph and Trend
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