Number of US corporate job cuts fell in July

The number of corporate job cuts in the US announced in July fell to 37,701 from 39,372 the same time last year, according to data from Challenger, Grey & Christmas.

This follows yesterday’s news that US private sector job creation increased to 200,000 from 198,000 against expectations of a fall to 182,000.

The series of good news could promote optimism over nonfarm payroll figures for July, which are out tomorrow.