This is an excellent point.
I know someone who is having a really hard time finding jobs because they just got out of school, but there are hardly any entry-level positions and the ones present are highly contested. They must have applied to >200 places at this point. This is in a non-software, but STEM field.
I have one son who took 4 years to score a job. In between applying to every local job listing, he also walked door-to-door trying to find an unadvertised position (which didn't work out).
He had state food prep certifications. The ALF who eventually hired him got a worker who's on time every day, easy to get on with & does his job with consistency and competence.