USCIS today released the latest cap count update and the H1B cap count as of July 16th, 2010. Here is an update since previous cap numbers :
- New 500 Cap eligible H1B visa petitions were filed for Regular Quota.
- New 400 cap eligible H1B petitions for Advanced degree cap .
July 16th , 2010 USCIS official Total H1B cap count update :
|Regular H1B Cap H1B filings||25,300 of total 65,000|
|Advanced degree cap filing count||11,000 of total 20,000|
|Total H1B visa petitions received||36,300 of total 85,000|
Analysis of H1B filings this week, Macroeconomic factors
Total H1B petitions filed increased by 100 compared with last week’s July13th H1B visa cap count. The filing count in the H1B general cap quota further decreased from 600 petitions to 500 petitions and Advanced degree cap increased from 200 to 400. If you observe the count, it is consistent decline in the regular quota number for two consecutive weeks. Bu, advanced cap has been just going up and down and this week it is up. Nothing new or we do not see any spikes. We should be on track.
If we look at the macroeconomic factors, big news is the new home construction drops to lowest since last October, though it directly does not impact the H1B visa filing, there is a ripple effect because all the industry is closely tied with all the raw material manufacturers and IT companies tied to them. Some of them say there is a chance for double dip recession… On the other hand, as I was listening to news today they were saying financial companies are hiring because of the surge in the demand for the underwriting in the banking sector. The recovery is set to be slow…Either case the outlook for H1B visa filing seems to continue at the same pace and based on the filings, we may have the regular quota last till end of this year…
Can you think of anything that may impact H1B filings ?