H1B FY 2010 Filings Reflect Market Condition

Today, USCIS announced that it has not reached the H1B cap for FY 2010. It has been five business days since H1B cap has been opened. USCIS announced it continues to accept H-1B non immigrant visa petitions subject to the fiscal year 2010 (FY 2010) cap. USCIS will continue to monitor the number of H-1B petitions received for both the 65,000 regular cap and the 20,000 U.S. master’s degree or higher educational exemption cap. USCIS mentioned that they would announce to public, the day (final receipt date) when the cap is reached for respective case. The application received on final receipt date would undergo a Mini lottery through computerized generated random selection process. It is not clear as of now whether USCIS will post H1B cap count on daily basis, as they had been doing for so many years or will they just publish the "final receipt date" when cap is reached. If USCIS fails to keep tabs on the updated count on USCIS website, this could be considered as a smart move from their side. By this they could avoid plenty last minute rushed H1B application that are received every year nearing final receipt date, thus reducing their added workload.

It should be recalled that cap for the FY 2009 and FY 2008 were met on first day of April each year, whereas H1B Cap FY 2010 is still open past five business days. USCIS has informed that this year they have received more application under Master’s degree or higher educational exemption cap case whereas number for regular cap is still far from numerical limitation on approved quota. This signifies that demand in H1B filings every year is indicative of the real market condition and America is always in need of skilled workers to thrive in competitive global economy. The filing trend for the fiscal year FY 2010 is reflective of current market condition, inwhere with many unemployed workers available in market there is less need of H1Bs with bachelor’s degree, but unquestionably there is a shortage of personals in few specialized areas which need expertise in highly specific fields that usually require advanced studies.

It should be recalled that author has mentioned in his previous post that America needs talented and skilled workers with advanced degrees and there is a need to reform the immigration system. This calls for total H1B CAP exempt for International students who have earned Masters and PhD from American Universities, thus preventing reverse brain drain of talented individuals who contribute to continuous development of technology in the country. These individuals not only include STEM majors but also Business majors who contribute so much to American Financial System.

Moreover to make America more competitive, there is an acute need to make graduate and post graduate education highly subsidized by US government. This will help every American to get trained in specialized areas requiring expertise. With this done, every American can compete with an international student (F1B) with a higher advanced degree, making it is easy to sustain in any type of economy.

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