USCIS has released its weekly H1B cap count updates for FY 2013 earlier today. They have considered all the petitions received until April 13th, 2012. Below are the numbers:
- 3,200 new H1B petitions were filed under Regular quota
- 1,500 new H1B petitions were filed under Masters degree quota
April 17th H1B Visa cap count updates by USCIS :
|H1B Petition Filings||Total Cap||Current Cap count|
|Advanced degree Quota|
|Remaining H1B Cap||54,700|
H1B filings Analysis – Good Pace, Prediction
My initial reaction looking at the second week H1B visa cap count numbers released by USCIS was that the volume of petitions filed per week for fiscal year 2013 is higher than last year. As I looked at FY 2012 cap count numbers, for the same week, regular quota petitions filed increased by over two times. We had about 1200 petitions filed last year and this year we have 3,200. Similarly, masters degree quota petitions also doubled, they were about 600 last year and this year we are at 1500. Overall, the volume of filings per week has increased by more than two times…If we have the same pace of filings, the H1B cap 2013 might exhaust by end of August, 2012. Masters degree quota is almost half done, it could last another 7 to 8 weeks. Check out the basic linear regression analysis in the below graph.
From US economy perspective, nothing groundbreaking…The unemployment rate holds at 8.2%, but the number of people, who filed for unemployment increased . Also, the home building slows , but analysts claim that it can accelerate in upcoming months. Also, fed is talking about keeping the interest rates low until 2014, but few expect them to rise in 2013. Overall, the US economy is much better than last year, lets hope it holds at same level and gets better. From H1B jobs perspective, the demand is greater than last year and we expect that H1B cap could be exhausted earlier this year.
What are your thoughts on H1B cap ? Your prediction ?