USCIS updated the H1B cap count numbers this morning… As of Octobers 1st, 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 500 cap eligible H1B petitions under Advanced degree cap.
October 1st, 2010 USCIS official H1B cap count update :
|Regular H1B Cap H1B filings||40,600 of total 65,000|
|Advanced degree cap filing count||14,900 of total 20,000|
|Total H1B visa petitions received||55,500 of total 85,000|
Analysis – Job Outlook weak 2014.
As we compare the H1B petitions filed last week i.e. Sep 28th, 2010 H1B visa Cap Count, the regular cap filings decreased by 300 from 1,300 to 1,000, while Advanced cap number slightly went up by 100 from 400 to 500. Overall, the total H1B petition filings went down by 200. No Ground breaking news in the last week. We are just entering the last quarter of the year, managers will be busy either trying to spend their budget or save their budget…On the other hand, they will be preparing for the next years budget proposals.
Coming to economy, today there was a news release on CNN by an elite panel of economists, including noble prize winner, saying that “ Weak jobs outlook until 2014”, which is not a very good sign for economy. There were bits and pieces of some economy news around, nothing too exciting. Slight increase in pending home sales up by 4.3% and Fed may buy back the government debt to help economy…We just have to wait and see what happens…
The interesting part is, when I talked to my cousin in India other day, he was saying there are plenty of jobs in IT filed in India and job market is in full boom…irony is, most of those IT jobs in India are created because of outsourcing to India from US, Europe and other parts of the world…
Anyways, What are your thoughts on economy?
Regular H1B cap Count 2011 Trend Graph
Advanced Degree H1B cap count Trend Graph
Image Credit : http://www.britannica.com/blogs/wp-content/uploads/2009/07/economy.jpg