No, what the Supreme Court found in that case at that time is that employment test, in the newly desegregating south, had not been shown to have relevance to occupational requirements. The Court did leave open the possibility that a test that was of the nature of an IQ test could be used for hiring, but only if the company hiring showed rigorously a relationship to job requirements. If that is shown, the disparate impact in something that is a bona-fide occupational qualification wouldn't matter.
"Disparate impact" reasoning in equal protection cases has a long history, by the way. One of the earliest cases, Yick Wo v. Hopkins, 118 U.S. 356 (1886),
http://scholar.google.com/scholar_case?case=2131565438211553...
held that a local law that regulated laundries in San Francisco violated the federal Constitution because most of the laundry businesses banned by the law were owned by Chinese immigrants, while most laundries that fit the law's requirements were owned by people of "white" backgrounds. (Knowing the time and place of this case, it's rather plain that the law was designed to discriminate in that manner.)
Context matters. But some of the comments above are true, that today many companies use school credentials as proxies for intelligence, and give higher education institutions a lot of incentive to operate as diploma mills. But there ARE companies in the United States that use various tests (the Wonderlic test is one example) that are essentially IQ tests as part of the hiring process.
The current claim in the mainstream literature on hiring procedures is that the two most effective screening procedures for job applicants are
1) work-sample tests
or
2) IQ-like tests (these two are tied for first place),
with all other procedures such as personal interviews, resume reviews, diploma requirements, personal references, etc., etc. ranking lower in practical usefulness. IQ-like tests are also quite inexpensive (in the form such as the Wonderlic test) and thus fare well for organizations that use them. That is the current claim in the literature, across a broad array of occupations in a broad array of industries.
After edit: Here's a link to a reasonably good, current bibliography on IQ-testing issues, including some of the issues about legal requirements and trade-offs in efficacy of different ways to rate applicants for jobs.
http://en.wikipedia.org/wiki/User:WeijiBaikeBianji/Intellige...