|AJSN - OCTOBER 2012||Total||Latent Demand %||Latent Demand Total|
|In School or Training||366,000||50||183,000|
|Ill Health or Disability||206,000||10||20,600|
|Did Not Search for Work In Previous Year||3,234,000||80||2,587,200|
|Not Available to Work Now||475,000||30||142,500|
|Do Not Want a Job||82,061,000||5||4,103,050|
|Non-Civilian and Institutionalized, 15+||6,480,544||10||648,054|
Unlike the standard unemployment rate, the AJSN is not seasonally adjusted. In October, since more people are typically working than in September, the official rate has a built-in expectation of increased employment, and when it does not meet that, as was the case last month, it worsens. The AJSN improved since the absolute numbers of people not working decreased. The number of people technically unemployed was almost unchanged, but the count of people working increased 706,000 and those out of the labor force fell almost 500,000.
It is noteworthy how many people who have the above reasons for not working take jobs when they can get them. That is a main purpose of the AJSN, that many Americans, even those who say they "do not want a job," will work if given the chance. People rejoined the labor force in October, and will happen more if employment opportunities, even seasonal ones as was the case this time, become more plentiful.
To summarize, nothing special happened with jobs in October. We will see more in November, when Hurricane Sandy may have an effect and the presidential election is over. In the meantime, realize that we still have over 20 million countrymen and women not working, who would end up in jobs if they were readily available, and that shows no real sign of improving further.