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In the video tutorial, it is explained that after creating a resume and cover letter, candidates often still need to fill out an employment application. This application is crucial as it ensures employers have a verified record of candidates' personal and employment histories. Many employers require this standardized application from all job applicants to collect consistent and uniform information. Unlike resumes and cover letters, which vary by individual, the application poses the same questions to all candidates, allowing employers to easily compare applicants and maintain organized records throughout the hiring process.