LinkedIn Listings an Economic Indicator?

Friday, 4 May 2012 | 12:24 PM ET

Friday's jobs data might be considered weak, but job listings and employers seeking staff were strong for LinkedIn in the first quarter.

Anne Rippy | Stone | Getty Images

Could that be a sign of potential economic improvement ahead?

Consider: Late Thursday the company reported first-quarter revenueof $189 million, above expectations of $179 million. It also forecast second-quarter revenue of between $210 million to $215 million, above expectations of $208 million.

LinkedIn charges fees for analytical tools and expanded access to people who have posted profiles on its website. These fees generate most of LinkedIn's revenue. The company makes the rest of its money from advertising.

LinkedIn CEO Talks Earnings
Jeff Weiner, LinkedIn CEO, offers insight on earnings, with CNBC's Jon Fortt.

"We continue to see strength across the board in our hiring solutions business, both postings and people seeking people," CEO Jeff Weiner told CNBC's "Squawk on the Street"Friday. That means employers are still paying LinkedIn to find people, and jobseekers are still joining to look at the job postings.

"We're trying to maximize the value we deliver to members," he said. "The more engaged our members are, the more value we can provide to our customers" who pay to advertise.

That would be good for the economy, as well as the company.

—Reuters contributed to this report.

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  • Matt Hunter is the senior technology editor at CNBC.com.

  • Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.

  • Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.

  • Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.

  • Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.

  • Mark is CNBC's Silicon Valley/San Francisco Bureau Chief covering technology and digital media.