The Canadian November unemployment rate fell to 7.2 per cent as the economy topped analysts’ estimates, adding 59,000 new jobs.

Economists had expected a much smaller gain in jobs after disappointing jobs numbers in October.

The November jobs report gives hope that Canada’s economy could pick up significantly in the final months of 2012 after what was a relatively flat summer.

The U.S., meanwhile, added 146,000 jobs in November with the unemployment rate falling to 7.7 per cent.

These numbers also topped many analysts’ estimates, who had been expecting Hurricane Sandy to have negatively affected the numbers.

The decrease in the U.S. jobless rate means it is back to its lowest level since the collapse of Lehman Brothers in 2008.

Canada’s unemployment rate, meanwhile, has matched its lowest level of the year.