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

 August 5th, 2022 Jobs Report. There was a discussion in the video on jobs being added at an amazing rate but GDP is declining then we have productivity go down. To me, wearable technology mixed with more creativity can increase overall human capital if we find ourselves in the center of the global supply chain. That would require us to embrace the Digital Economy (i.e. look at what the Internet has done to productivity since its inception) and advanced manufacturing (The physical aspects of wealth generation) to boost productivity across different societal sectors. 

Let us see what the interesting odd numbers/bump in the job numbers actually mean a few months down the road (Maybe just a little beep or maybe something more?). Could some of the numbers not make sense if we are basing them up to this point on Industrial Era paradigms (built off other eras of economic theory)? Because the economy may be shifting, the numbers might not mean 1 to 1 as they did in the past. There will be difficult to calculate in real time things during an economic platform shift because we don't understand them until after review. While shifting to the Digital Economy/Era might follow some similar patterns as historical shifts, it will likely have a few things that relate specifically to that kind of shift (In history we sort of know this when we look back in hindsight on what causes economies to change. To see change coming one must look into the past and apply it to the possibilities of the present and future. Its basic model creation and projection.)  

In other words, when you change the root nature of economic transaction (i.e. digital currency, creative, capital, intellectual assets, 5 G etc...) you will also change how the numbers are calculating (Based on sheer availability of metrics we will likely see more calibrated economic policy that adjusts quickly.). Our core needs as a people don't necessarily change but how we fulfill those needs change (Remember that economics is about human behaviors/transactions. If you change technology and in turn how people interaction that will have an impact on economic activity. blah blah blah geek babble. )

In a nutshell, we might see more odd anomalies in the data and researchers will create theories (or adjust old theories) to better explain and predict certain economic behaviors. Its basic science, not a crystal ball projection.