Manila, April 3 -- Caraga's employment rate rose to 96.1 percent in 2024, an increase from 95.9 percent in 2023, according to the Caraga Regional Development Report 2024 released Thursday.

The Regional Development Council (RDC-13) and the National Economic and Development Authority (NEDA-13) report also highlighted a decline in the region's unemployment rate, which fell from 4 percent in 2023 to 3.9 percent in 2024. Underemployment also decreased significantly, dropping from 19.6 percent to 15.9 percent over the same period.

Caraga's improving employment landscape was driven by economic expansion, with the region's Gross Regional Domestic Product (GRDP) growing by 4.9 percent in 2023, reaching PHP339.6 billion.

According to the report,...