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In the video, it’s explained that even after crafting a polished resume and cover letter, candidates often still need to complete a job application. This requirement ensures that employers have a verified and signed record of personal and employment history. The employment application serves a crucial purpose, as it collects consistent data from all candidates in a uniform format, allowing employers to compare applicants effectively. Unlike resumes and cover letters, which can vary greatly in style and content, the application standardizes the information, enabling a fair evaluation process across all applicants for a specific job.