The labor force, or workforce, is the total number of people who are currently employed plus the number of people who are unemployed and seeking employment. This number does not include people who are unemployed and not seeking employment, such as students and retirees.

What is meant by labour force?

The labor force is the number of people who are employed plus the unemployed who are looking for work. ... To be considered part of the labor force, you must be available, willing to work, and have looked for a job recently. The official unemployment rate measures the jobless who are still in the labor force.

What is included in the labor force?

The labor force includes all people age 16 and older who are classified as either employed and unemployed, as defined below. Conceptually, the labor force level is the number of people who are either working or actively looking for work.