12/22/2009 - H-1B Cap Reached
USCIS has announced that it has reached the annual cap limit for H-1B visas for fiscal 2010, and has stopped accepting new H-1B petitions as of December 21, 2009.
Bottom Line:
This cuts off what had been a still-existent option for employment for companies and degreed foreign nationals. On the other hand, the acceleration in H-1B usage over the past few months may indicate a sign that the economy - and perhaps overall employment - is improving.
Who Should Care:
Any company seeking to hire a foreign national for an H-1B specialty occupation position, or or foreign national seeking to begin an H-1B specialty occupation position, before October 1, 2010.
Archive Date:
December 22, 2009