Facebook (FB) Rolls Out Job Search Feature for U.S & Canada

An image of a pen, a magnifying glass, a calculator and a laptop on a table
Credit: Shutterstock photo

Reportedly, Facebook Inc.FB has rolled out a new job search feature whereby employers can now list jobs free of charge on their respective pages. Prospective candidates can apply for the same on Facebook. The feature, at present, will be available in the U.S and Canada.

Reports of Facebook beta testing the feature first surfaced in November. Similar to other job search portals, the Job tabs will offer the standard "Apply Now" button. It will help applicants to edit and review forms before submission. Employers and candidates are expected to employ Messenger for communication, further add media reports.

Facebook's VP Andrew Bosworth was quoted by media reports saying "Businesses and people already use Facebook to fill and find jobs, so we're rolling out new features that allow job posting and application directly on Facebook."

Facebook, Inc. Price

Facebook, Inc. Price | Facebook, Inc. Quote

The social media giant's foray into the recruiting business is widely observed as a sort of threat for Microsoft Corporation's MSFT LinkedIn. LinkedIn is the biggest professional network enabling users to connect and engage with other professionals, access shared knowledge, exchange ideas and insight about different professions and companies, and search business opportunities.

Per analysts, businesses will have to pay Facebook for displaying their job postings on the News Feed, which can prove to be a threat for some of LinkedIn's ad offerings. Plus, Facebook's giant user base of nearly 1.9 billion compared with a little over 460 million LinkedIn users gives Facebook an edge. It could attract more recruiters to the platform.

Facebook has been actively venturing into newer arenas to boost its top line. The company recently forayed into enterprise software by launching Workplace . With Workplace, the social media giant is trying to break into the lucrative enterprise software market. Per a Jun 2016 Gartner report, global spending for enterprise software will grow 7% year over year to $367.5 billion in 2016. This is a lucrative opportunity for Facebook, given the higher margins involved.

At present, Facebook has a Zacks Rank #3 (Hold). Moreover, we note that Facebook has outperformed the Zacks categorized Internet Services industry in the last one year. The company's shares increased 31.32% compared with the industry's gain of 16.80%.

Key Pick

Better-ranked stocks in the wider technology space are Oclaro Inc. OCLR and MeetMe Inc. MEET . Oclaro sports a ZacksRank #1 (Strong Buy) while MeetMe carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1Rank stocks here.

In the trailing four quarters, Oclaro and MeetMe have recorded a positive average earnings surprise of 75.00% and 36.07%, respectively.

Just Released - Driverless Cars: Your Roadmap to Mega-Profits Today

In this latest Special Report, Zacks' Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making - autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Microsoft Corporation (MSFT): Free Stock Analysis Report

Oclaro, Inc. (OCLR): Free Stock Analysis Report

Facebook, Inc. (FB): Free Stock Analysis Report

MeetMe, Inc. (MEET): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Other Topics


Latest Markets Videos


    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at

    Learn More