Economic recovery in Canada and the US was never as evident as it is now. While the Canadian job rate improved manifolds in November, the latest Labor Department report has revealed that for the month, much less jobs were cut across America than expected.

The economy in Canada managed to generate a total of 79,100 jobs in November; most of them in the service sector, which in turn managed to reverse October's whopping loss of 43,200 jobs. The unemployment rate also tumbled from 8.6% in October to 8.5%. The country rate of job gains has been the largest since September 2008 and has further fueled speculations that a strong expansion is expected for the economy's third quarter.

Across to the US as well, much less jobs were cut for November as compared to the previous times, leading experts to predict a more stable and stronger economy over the coming year.

The fact that most of the jobs were generated by the service sector in Canada is being looked at as a much positive sign by experts. "It's certainly encouraging, an economy can't live off the government alone", said Avery Shenfeld, Chief Economist at CIBC World Markets.

Both US and Canada are now looking at much better times ahead, with lesser job cuts and a stronger economy.