Not sure why this was down-voted. If I rejected over 99% of applicants, I'd start to thinkg I was either looking in the wrong place or looking for the wrong person.

I once posted a job on monster.com and we rejected probably 50 resumes for each one we interviewed. We were looking in the wrong place. At a different job, we had a terrible time trying to find somebody with 10+ years of embedded systems experience in a town that didn't really have that kind of industry. In retrospect, we probably could have found a less experienced person that we could train. We were looking for the wrong person.