Usually, employers rapidly scan the resume of each job  
    applicant looking for relevant education, skills, and 
    work experience. They select 10 candidates for telephone 
    calls, invite three in for interviews, 
    and hire the one they like the best.

Not sure in which industry this is the case, in our industry, i.e. IT/Startups/Hackers, and here in Tel Aviv area, the last line is more likely to be: "And then the Employee tells: 'I will let you know within a week or so, whether or not I'd like to continue with the process.."

In those words, more or less. The fact is, that early screening process, brings in the better people, and given there is an extremely high demand for the "know-how", they know it, and stand for their benefits pretty well.