Using Craigslist to find Jobs–A Smart Strategy?

Seeing as everybody has used Craigslist at some point or another for various purposes such as to buy a new car (like my friend) or buy a cheap guitar (like my friends friend), I thought the site would be a good place to find a job. Among the scams I managed to find legit postings from local publications–I even applied for one but was told that the position was already filled.

But is Craigslist really the way to go about finding that first paying job? With sites like Monster and Careerbuilder which posts thousands of real jobs, is Craigslist another site to hopefully find and apply for more? Have any of you found a great job from there?

On a side note, what other sites do you recommend in finding jobs?

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