Unemployment Rate Evolution in Lesotho from 1997 to 2019

Lesotho has struggled with high unemployment rates, marked by a peak of 37.9% in 1997. Dependence on textile manufacturing and limited job opportunities contributed to volatility, with the rate dropping to 16.9% by 2019. Government efforts to stabilize the economy and improve labor conditions have shown impact, though the country’s narrow economic base and high reliance on South African markets continue to pose challenges for job sustainability.