The other guy renting a room in my apartment moved here from Japan on a whim because he heard that the economy was doing well in Singapore. He had a full-time job three days after arriving.
The population of singapore is a bit less that 5,000,000 people. So, that headline gives us an annual job-growth rate of 4.6% per year. During the US boom known as ‘The Clinton Years’, job growth was about 2.4% per year.