I’m in a similar position. I’ve been job-hunting for almost 5 months now.
I have a very long list of companies I applied to, a somewhat shorter list of companies that invited me to interviews, and a fair amount of frustration and disappointment on the side.
Failure is definitely part of the process, in a sense. It’s more that most of your applications may well fail but each application you send out despite all those failures is a small win.
Each new application you send, despite knowing that it will most likely not result in an offer, is a success because it means you didn’t succumb to the feeling that this process is seemingly futile.
So, I suppose on one level job-hunting is a process characterised by failure. On the other hand, it is, in itself, a series of small wins and successes until you eventually receive an offer you can live with or you abandon the idea of formal employment altogether and leap into the entrepreneurial jungle.
That is another level of success and failure altogether …