USCIS updated the H1B cap count numbers yesterday. As of November 12th, 2010 the updated H1B petition filing numbers since last week are:
- New 1,000 Cap eligible H1B visa petitions were filed under regular Quota.
- New 200 cap eligible H1B petitions under Advanced degree cap.
November 12th, 2010 USCIS official H1B cap count update :
|Regular H1B Cap H1B filings||47,800 of total 65,000|
|Advanced degree cap filing count||17,400 of total 20,000|
|Total H1B visa petitions received||65,200 of total 85,000|
H1B filings down , Analysis of Economy
If we look at the numbers in comparison with last week, Nov 9th H1B Cap count, the regular H1B quota filings were down by 200 from 1,200 to 1,000 whereas, the advanced degree cap filings were down by 300 from 500 to 200. If we look at the trend in the last four weeks, the H1B petitions filed were decreasing every week. If the advanced degree cap petitions filings pace decrease like this week, we may have that cap last a little longer than speculated. The regular cap will last for a long time, it seems to me that it can go up to early next year…Also, starting next week fee is increasing and the H1B premium processing fee will be $1,225…so, in case you are planning on filing premium processing, do not delay !
If we look at the economy, the new home construction fell by 11.7 % and the Consumer Price Index (CPI) was up by 0.2%, which is less than speculated 0.3% . If you are not sure what CPI means, it is a core component that decides the inflation. Fed was worried that due to unemployment and other worries there could be potential deflation, that’s the reason they recently announced to pump in $600 billion to keep up the money flow and maintain healthy inflation. Anyways, still the unemployment position has not eased and the outlook has not changed…we can only wait and see how companies react to the fed money and if it would create jobs…
Regular H1B cap Count 2011 Trend Graph
Advanced Degree H1B cap count 2011 Graph and Trend