The chronicle of higher education has this cautionary tale about job applicants and blogs.
In some cases, a Google search of the candidate's name turned up his or her blog. Other candidates told us about their Web site, even making sure we had the URL so we wouldn't fail to find it. In one case, a candidate had mentioned it in the cover letter. We felt compelled to follow up in each of those instances, and it turned out to be every bit as eye-opening as a train wreck.
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The pertinent question for bloggers is simply, Why? What is the purpose of broadcasting one's unfiltered thoughts to the whole wired world? It's not hard to imagine legitimate, constructive applications for such a forum. But it's also not hard to find examples of the worst kinds of uses.
The takeaway point here is that you should be careful about the way you present yourself to the public - which includes prospective employers. And THAT is good advice whether you are discussing blogs, interview skills, personal grooming.
Another, related entry from MSN is more general, but just as cautionary:
Blog it now, regret it later? - Tech News & Reviews - MSNBC.com