USCIS updated the H1B cap count numbers earlier today. As of November 26th, 2010 the updated H1B petition filing numbers since last week are:
- New 1,423 Cap eligible H1B visa petitions were filed under regular Quota.
- New 564 cap eligible H1B petitions under Advanced degree cap.
November 26th , 2010 USCIS official H1B cap count update :
|Regular H1B Cap H1B filings||50,400 of total 65,000|
|Advanced degree cap filing count||18,400 of total 20,000|
|Total H1B visa petitions received||68,800 of total 85,000|
H1B filings up, Analysis of Economy
As we look at the H1B filings this week, there has been good movement in H1B filings trending up consistently in the last three weeks. In comparison with last week, Nov 19th, H1B Cap Count, the regular cap filings were up by around 250 petitions from 1,177 to 1,423 whereas the advanced cap filings were up by around 130 petitions from 436 to 564. It is a good sign for prospective H1B holders as this up trend suggests the need for skilled workers…We may run out the advanced degree cap in under 3 weeks or exactly three weeks if the current pace continues. If you are on OPT in US and you only have OPT period left for only few months, then you should hurry up and get things going for filing H1B petition.
If we look at the economy, the conference board published consumer confidence index today and it is up by 4.2 points, which is highest in the last 4 months. Also, in a report by Reuters, they say that the US chain stores sales including the weekend traffic to these showed gains indicating strong start to holiday spending. Analysts also speculate the unemployment to remain at 9.6 %. Except housing market, all these other signs indicate stronger positive outlook for the economic recovery. Also one of the top fed officials say that the Fed’s $600 billion stimulus will not impact the long term inflation drastically and put economy at risk…in fact, I had a economics class last fall and we studied in depth about Fed and its policies…the reality is, fed has lot of power to control the economy using the monetary policy…So, though the move of pumping $600 billion is controversial, Fed has tools to keep things like inflation in check if needed.
What are your thoughts on H1B filings and economy ?
Regular H1B cap Count 2011 Trend Graph
Advanced Degree H1B cap count 2011 Graph and Trend
Image Credit : http://www.loanspeed.com/wp-content/uploads/2009/08/Consumer-Confidence.jpg