July's jobs report was a 'jaw-dropping' number, says economist Austan Goolsbee

Tyler Goodspeed, Cato Institute adjunct scholar and former acting CEA chairman, and Austan Goolsbee, former CEA chairman and Booth School of Business professor, join CNBC's 'Squawk Box' to react to July's hotter-than-expected jobs report. For access to live and exclusive video from CNBC subscribe to CNBC PRO