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TeachMeFinance.com - explain Labor force labor force --The number of people who have jobs or who are available for work and are actively seeking jobs. The labor force participation rate is the labor force as a percentage of the noninstitutional population age 16 or older. another definition... Labor force -- As measured in the United States, the total number of people employed or looking for work. Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.