Very few new H-1B petitions were applied for in the first week that the fiscal year 2012.
As of April 7th:
5,900 H-1B Regular Cap petitions were received (Cap of 65,000) and
4,500 H-1B Master’s Exemption petitions were received (Cap of 20,000)
We speculate that the drastic reduction of H-1B filings stems from a combination of factors including:
- A slow economy with many U.S. workers competing for jobs (and employers would prefer not to pay the extra costs associated with an H-1B petition)
- The crackdown by USCIS on IT consulting firms as shifted many of these jobs overseas.
- The 2011 quota was not reached until January, which prevented a large build up of people waiting to apply for H-1B visas.
Feel free to contact us if you would like more information on how to apply for an H-1B visa or how to sponsor an employee for a H-1B visa.