Hi, 

>  How important are FOSS certifications when it comes to the job 
>  market?

Here are couple of my thoughts in this regard (and please be kind
on my typos and possible grammatical errors):

Certifications are useful in the field on Systems and 
Network Administration in general. In relation of FOSS, there are
numerous certification programs provided and supported by companies 
and their partnered vendors. For instance, there's RedHat Certified 
Engineer (a.k.a RHCE) program by RedHat Inc (and there are many more
similar certifications by RedHat), Ubuntu Certified Professional by
Canonical Software, Novell Certified Linux Engineer (NCLE) 
by Novell Inc., LPI series of certifications from Linux Professional 
Institute.

Most of the above certifications cater to administrators. This makes
sense because, administrators are employed in companies that span 
beyond IT domain (banks, hospitals, schools for instance). However, 
it might be a little difficult for recruiters from non-IT organizations to 
evaluate or gauge the skill-sets and technology competency of 
candidates that they might be recruiting as administrators; 
especially in current times where FOSS technology awareness among 
non-IT sectors are still low. Certifications from a reputed 
institute or a company would go a long way in boosting the 
recruiter's confidence on the candidate's skills.

IMHO, it makes no sense in getting certified as a developer 
or a programmer. Certifications that cover programming languages and 
application/web development frameworks are merely an eye-wash. Most 
candidates who get recruited in these domain are generally 
interviewed and evaluated by a technically competent personnel 
(preferably a tech-lead or a hired technical consultant) in at-least 
one of the evaluation spins. Certifications might not necessarily 
help in improving the employability of the candidate in this regard.
Programmers and developers are best evaluated based on their
track-record and their problem analysis and problem-solving skills.

Having said that, developer/programming certification if taken 
seriously by the candidates would help them in learning the 
technology well, though it might not guarantee their employability.

Regards,
Chandrashekar.

-- 
Chandrashekar Babu.,
Experienced FOSS Technologist and Corporate Trainer.,
http://www.chandrashekar.info/
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