A portable worklight providing a high level of substantially omni-directional illumination. Briefly, the worklight includes an elongate lamp section including one or more lamp sockets for receiving one or more small fluorescent lamps such as compact fluorescent lamps of the screw-in variety. The lamp section includes a substantially transparent shield about the lamps and is structured and arranged to provide illumination substantially in a full circle about the lamp section. The lamp section is retractable into an elongate base section that is shaped and structured to receive the lamp section snugly in its interior. In the retracted configuration the worklight forms a compact unit for carrying, transporting and storing the worklight. The worklight may also include legs that may be retracted along the base section and deployed for supporting the worklight during use.