Phil Levy

Lead Trade Economist, World Bank. Former Chief Economist, @flexport. Former White House and State Department. Global economy, trade wars, supply chains & more.

[Phil Levy @philipilevy]

@inumanak @MalmstromEU He was extraordinarily insightful and a wonderful person. Very sorry to hear of his passing.

[Inu Manak @inumanak]

The field lost a great mind and kind human being. I am indebted to Gary for pioneering research on North American integration that inspired my own work. He will be dearly missed. https://t.co/01BoJQrcqU

[Phil Levy @philipilevy]

It is wonderful to see the @Brewers back in the World Series. I remember their last appearance - Paul Molitor and Robin Yount in 1982. I was a sophomore at Madison Memorial high school. Here’s hoping for a different outcome!

[Christine McDaniel @christinemcdan]

AI investment helped drive machinery trade (one of the fastest trade growth sectors) in 2025. China gained export share in emerging markets, while other East Asian economies strengthened their position in high-income markets. https://t.co/udeGFGHzKM via @worldbank

[Phil Levy @philipilevy]

Unusually crowded street here in Montreal. And it’s odd how everyone is dressed the same. Just kidding - Go Habs Go!

[Greg Ip @greg_ip]

The two most striking (and confusing) numbers in the GDP report: personal consumption +3.5% in q3, real disposable income 0%. That divergence can't continue.

[Phil Levy @philipilevy]

The end of a long day in DC.

[Phil Levy @philipilevy]

My cats were at the window, adamant that something outrageous was happening on the lawn. I now feel kind of bad for doubting them.

[BLS-Labor Statistics @BLS_gov]

CPI for all items rises 0.2% in July; shelter up https://t.co/dJyJeKlXDJ #CPI #BLSdata

[BLS-Labor Statistics @BLS_gov]

Both payroll employment (+73,000) and unemployment rate (4.2%) change little in July #BLSData #EmpSit https://t.co/mGTpqoj4D2

[Phil Levy @philipilevy]

RT @NickTimiraos: Hiring was +73,000 in July. Private sector job growth was +83,000.

But the big story: Massive downward revisions to job…

[Phil Levy @philipilevy]

Interesting work on the "China Shock" from Cato:
Hard Hit Metropolitan Statistical Areas Have Performed Well Economically Since 2000 https://t.co/2o8qL8v1fd via @CatoInstitute

[Scott Lincicome @scottlincicome]

"Why Factories Are Having Trouble Filling Nearly 400,000 Open Jobs" https://t.co/t8CZ12zAKS

[Chris Rugaber @ChrisRugaber]

The unemployment rate held steady because more than 600K people stopped looking for work last month. That pulled down the percentage of Americans with jobs to 59.7%, the lowest since early 2022.

[Liz Ann Sonders @LizAnnSonders]

Unemployment rate unchanged in May at 4.2%

[Heather Long @byHeatherLong]

Just In: The US economy added 139,000 jobs in May. That’s a tad above expectations of 125k, but there were big revisions down for March and April.

-->Note that nearly half of the May job gains were in healthcare. And the federal government shed -22,000 jobs.

Unemployment rate stayed at 4.2%

Wages up 3.9% in the past year (well above 2.3% inflation)

[AFP News Agency @AFP]

#BREAKING Trump says to double steel tariff to 50%

[Joey Politano 🏳️‍🌈 @JosephPolitano]

The court ruling against many of Trump's tariffs today would lower US overall tariff rates by roughly 10%, only leaving the tariffs on cars, steel, & aluminum

If it holds (a very big if) tariffs would drop to the lowest rate since March & importers would get retroactive relief

[Aaron Fritschner @Fritschner]

Cliff notes on Section 122: the broadest reading of the statute (which has never been used or tested in court) would let Trump do across the board tariffs up to 15%, for not longer than 150 days, after which it would trigger votes in Congress. Don’t think they’ll want that

[Scott Lincicome @scottlincicome]

Fentanyl too: