What caused the massive decline in H1-B demand?

kminer

Registered Users (C)
I was looking at how quickly the H1-B cap of 65,000 first-time visas has been filled during the past 5 years. USCIS accepts applications starting on the first working day after April 1st. Here's the data:

  • FY 2008 - April 2nd (same day)
  • FY 2009 - April 8
  • FY 2010 - December 22
  • FY 2011 - January 26, 2011
  • FY 2012 - less than half of the cap is filled as of today

What do you think are the causes of this huge decline in demand for H1-B work visas?
 
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