LIKEREC keyword on Data Structure

Below is a data structure I would like to define with the LIKEREC keyword. 

The DS name is actually the field from an outfile created by DSPJRN.  The 
subfields are the the same layout as the record of the file that was being 
journaled. When I define the fields I get the information I want about the 
record. When I use the LIKEREC(recordformatname) on the data structure it 
compiles, but the fields do not contain the data.

What simple aspect of this am I missing?

Thanks!

DJOESD            DS                                                    
D CO                             3P 0 OVERLAY(JOESD)                    
D WONO                           7    OVERLAY(JOESD:*NEXT)              
D OPNO                           5P 0 OVERLAY(JOESD:*NEXT)              
D ALTC                           3    OVERLAY(JOESD:*NEXT)              
D WCNO                           5    OVERLAY(JOESD:*NEXT)              
D STSU                           7P 0 OVERLAY(JOESD:*NEXT)              
D STLB                           7P 0 OVERLAY(JOESD:*NEXT)