Facebook Launches New Job Board
App Allows Jobseekers To Search For Positions By Keyword
Be warned, LinkedIn. Facebook is in your rearview and gaining. Last week, Facebook debuted a new job board application that allows employment seekers to search for positions by keyword, industry and location, as well as to check through results that are pulled from the websites of Facebook's career company partners, including Monster.com, BranchOut and Jobvite.
The Social Jobs application is meant to "leverage social media to connect great jobs with great candidates," according to a statement from Facebook, which currently features more than 1.7 million listings on its app. Facebook developed the new offering in partnership with the U.S. Department of Labor and leading career websites. The app launch comes about a year after Facebook released a Social Jobs hub, which offered education content and tools for employment seekers from the Labor Department, National Association of College and Employers and others.
Given Facebook's strong partnerships with career companies and its user base of more than 1 billion, some analysts say the social media giant could create a powerful job listings service that may threaten LinkedIn's recruitment business, which is where LinkedIn makes most of its money. LinkedIn shares were down by as much as 4% following the Wednesday announcement.