The Applicant management preferences section is a new addition to the system preferences allowing recruiters to customise how their applicant management screens are displayed by default. 

Show Unsuccessful Applicants

Default Value: Yes

The Show Unsuccessful Applicants toggle allows recruiters to control whether they see previously rejected applicants in the overall applicant list for a vacancy. Unsuccessful applicants will always be accessible to recruiters when using the stage filter to show applicants in "Unsuccessful" stages but the list of applicants in the "Applied" view can now be configured to only show those applicants with applications that are still active.