Yes it is terrible.
Unless very very lucky, your be joining around 3000 new pilots holding a frozen ATPL without a flying pilot at present.
There are lots of agencies advertising for pilot jobs. These are agencies and not a airline. They have to promoted themselves and attract interest daily/ yearly otherwise they go out of business. This means that you could be applying for a pilot job when there really isn't a pilot job going. (database building). Also you will see the same job advertised by different agencies, this a common one, where agencies battle it out to earn some money. 1 flying job advertised 20 times by 20 different agencies.
They seem to want the guy and girls who have current flying job on there database. Collecting a database seem to be more popular as there a less flying jobs around.