5 Days: Time Taken For USCIS To Reach Cap On H1B Petitions This YearApril 6, 2013 5:26 am
Well that is definitely some record. It had taken 10 weeks last year, and in the year before that it took three times longer – but this year, in just 5 days, the USCIS has received enough petitions to fulfill the statutory cap of 65,000 H-1B petitions and 20,000 H-1B advanced degree exemption petitions from employers. They were allowed to file this paperwork only starting April 1. (Source)
How do we digest this number? One, employers are definitely seeing a lot of value in the H1B program and two, there is a huge mismatch between demand and supply. The main issue though, is about jobs being lost to foreign workers.
The record though belongs to the year 2008 – the window closed in one day in 2008.