This is the 8655th most frequent Japanese word.
新卒
"新卒" means "new graduate."
The word '新卒' is used as a noun to refer to a new graduate who has recently finished their studies and is entering the workforce.
彼は新卒として会社に採用されました。
He was hired by the company as a new graduate.
Here, '新卒' modifies '応募者' (applicants), specifying the category of individuals who recently graduated and are seeking employment.
今年の新卒の応募者は非常に多かったです。
This year's applicants for new graduates were very numerous.
In this sentence, '新卒' is used as a standalone noun, referring broadly to individuals who are recent graduates entering the job market.