The yearly cap for H-1B visas is 65,000.  In 2008, the H-1B
quota was met in one day.  According to the most recent numbers issued by
U.S. Citizenship and Immigration Services, the late rush has pushed the number
of H-1B visa petitions to 58,900.

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In additions, according to some forecasts the first quarter of
2010 will see only minor IT hiring increases, but also a small additional IT job
losses. In a survey of  1,400 CIOs, 7 percent said they expect an increase
in hiring, while 4 percent expect to reduce staff for a net gain of 3 percent in
favor of hiring.

That does not bode well for IT professionals and college
graduates.  The question is when will the market turn

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