As of May 22, 2012, approximately 42,000 H-1B cap-subject petitions were receipted. USCIS has receipted 16,000 H-1B petitions for advanced degree holders.  The volume of H1B petitions has been increasing steadily over the past three weeks, and the most recent week saw the most petitions filed of any week during this H1B season.  Assuming this rate continues, the quota is likely to be reached very soon.

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