Online job ads are down 35% in the UK over the last year.

The Monster Employment Index reports that UK online job ads reduced by 1% in August, down 35% for the period of a year ago.

The European index also reduced by 1%, down 37% year on year. 

There were improvements in the fields of marketing, banking, finance and insurance. Reductions occurred in education, engineering and telecommunications. 

East Anglia was the area registering the greatest improvement and Wales was the worst performing location. 

Monster reports that the increased number of unemployed has provided employers with a large pool of potential employees from which to choose, which results in the reduction in online jobs being advertised. 

Job demand has been stable for some months, after a substantial decline in 2008, but the number of job vacancies in the UK is not enough to equal the level of increasing job losses. 

So UK businesses generally have not yet begun hiring again. 

When they do, small businesses will provide the bulk of the employment upturn. 

We are pleased to assist UK small businesses to enhance their productivity with our Local Search facility in our Business Directory which provides prospects to the 1.6 million businesses listed, most of which are small businesses, at no cost to them. 

Monte Huebsch, CEO.