system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: If the US unemployment rate is less than 10%, why do i keep hearing that every job posting gets hundreds of applicants?
gpt
Unemployment rates are only one metric and it doesn't paint the full picture.  For example, it doesn't take into consideration underemployment.  If you've got an electrical engineering degree and are waiting tables you are underemployed; if a job posting comes up that pays better and can take advantage of your skills you will apply for it even if you are currently employed.