You can report on Rejection reasons using the 'Recruitment - Candidates' dataset in Reporting > Report builder.
Under the Candidate - other information section you'll find the field 'Rejection reason' which you can can include in your report.
To further drill down your results, to only display Candidates that have been rejected for example, you can include a Filter of 'Rejection reason equals' and select the rejection reasons you want to report on.
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