A more diversified economy guarantees less volatility and higher economic growth, the United Nations Industrial Development Organization contends.
WalletHub agrees, adding that “within a certain time period, job gains in some sectors will offset the losses in others.”
So which markets in the U.S. have the most diversified local economies overall, based on industry diversity, occupational diversity, and worker-class diversity? WalletHub ranks 350 U.S. cities and includes commentary from a panel of economic experts.
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