I have been busy with some other stuff this month, could not post regularly folks. I am back on schedule and will try to post regularly… Anyways, USCIS updated the H1B cap count numbers today. As of September 24th , 2010 the updated H1B petition filing numbers since last week are:
- New 1,300 Cap eligible H1B visa petitions were filed under regular Quota.
- New 400 cap eligible H1B petitions under Advanced degree cap.
September 24th, 2010 USCIS official H1B cap count update :
|Regular H1B Cap H1B filings||39,600 of total 65,000|
|Advanced degree cap filing count||14,400 of total 20,000|
|Total H1B visa petitions received||54,000 of total 85,000|
Analysis – Increase by 500 petitions, Consumer Confidence down.
As we compare the H1B petitions filed last week i.e. Sep 21st, 2010 H1B visa Cap Count, the regular cap filings increased by 400 from 900 to 1,300, while Advanced cap number slightly went up by 100 from 300 to 400. The advanced cap numbers have been very consistent since mid June hovering around 300. I do not have any good reason to explain the increase in H1B filings. There was no breaking new and it is hard to explain the increase in filings….as the economists say, I can say “The increase in H1B numbers beat the expectations, it is a good sign for economy…” J
From immigration perspective, USCIS press release on Sept 23, the immigration fees are changing from Nov 23, 2010. Though this is not a huge hike in fee for H1B filings, something to consider. Switching gears to economy, the Conference board measures many economic indicators and one of them is consumer confidence index, they survey a sample of 5,000 households and it is updated once in a month. The consumer confidence fell to 48.5, it is the lowest in 7 months. In fact, this should be around 90 for a stable economy…They economists reporting this index say that it is very likely that the pace may stay at same level and we cannot expect speedy recovery…similarly, another index reports that the housing price growth slows down in major cities in July… Not exciting news, but we just have to live with all the news and be prepared.
What are your thoughts on economy?
Regular H1B cap Count 2011 Trend Graph
Advanced Degree H1B cap count Trend Graph