Yahoo is reported to be working on a new social networking service that matches college students to employers.

Yahoo Kickstart give users profile pages which are focused on the user’s resume, LinkedIn style, as opposed to a Facebook or MySpace profile. Corporations and wannabe employers are then provided with groups that users can join, but with a catch: to join a group you need an invite via a former student who works at that company. For those users who would prefer something a little more social, University pages are open to all students and include discussion forums, bulletins and events.

According to CNet, Yahoo Kickstart is currently a concept only and may or may not see the light of day, either as a stand alone product or as part of an existing Yahoo property such as 360.

Yahoo’s has been trying to deal itself in to the hot social networking space for some time, but with little or no success. The Yahoo 360 blogging come social networking product never took off and Yahoo failed to acquire Facebook. There were even rumors that Yahoo was trying to buy Bebo in May.

More recently Yahoo was rumored to be working on a social networking product by the name of Yahoo Mosh.