I had a similar experience but during 2014-2016. Itβs very common with new grads to spend 6+ months applying to get a job (even if you have internships or work experience). Almost no companies will take the risk due to whatever stigma.
It took me about 2 years after college until I got steady employment. I think I had sent over 750 apps and interviewed at over 100 companies. Most of the time they were trying to get a senior software engineer (5+ years xp) but considered me because I was probably one of the only people who had applied to their place. My interviewing skills were/are still garbage compared to the competition though.
I agree with your perspective. I also think there are issues on the recruiting side. Sometimes it seems like they don't know what they need and they just list a ton of unnecessary stuff in the list of required skills.