The Key Difference Between Labor Force and Workforce

labor force vs workforce
Feature	Labor Force	Workforce
Definition	All people aged 15 and above who are employed or actively seeking employment.	All individuals currently employed or working in jobs.
Includes	Employed people + unemployed but actively looking for work.	Only employed individuals.
Excludes	Those not seeking employment (students, retirees, discouraged workers).	Unemployed persons and those out of the job market.
Usage	Used in labor market and unemployment statistics.	Used in employment and productivity analysis.
Measurement	Labor force participation rate measures the percentage of working-age people in the labor force.	Workforce size measures actual number of employed individuals.