It is quite possible to live a good life in Medinat Yisrael; but of course if one expects to see only bad, this is what one will see.
Jobs are somewhat tight right now (just as everywhere else), but they can be found, depending on one’s field. NBN and AACI do have excellent bulletin boards.
Quite a few Anglos lead good lives here, and you can’t beat the price of the Jewish schooling.