When asked if he was leaving his post in a satisfactory position with jobs, he said, "No, no, of course not. We've got an unemployment rate that even though it's down a little today is still 9.1 percent. So we should not stand pat. We have a long way to go."

He emphasized not to make too much out of any one report, but touted the employment progress in July.

Watch the full Goolsbee interview below.