Bloomberg, 16 Aug 2013
An estimated 58.4 percent of Singapore’s population will be employed in 2014 compared with 49.5 percent in 2004, the largest increase among the 33 markets, according to an analysis by Bloomberg Rankings. The study divided the number of working people in each country by its population, based on data from the International Monetary Fund.
“The jump in employment stems from the fact that the government essentially opened the floodgates and welcomed foreign talent with open arms,” said Michael Wan, a Singapore-based economist at Credit Suisse Group AG. “I expect employment to start to slow over the next few years” as the most onerous tightening measures take effect in 2014 and 2015, he said. Full story
