Saturated is my reading of it.
So many ex-FIs and new FIs who are unable to fly for the airlines are out there looking for flying work at the moment, that unless you have a profile that makes you a clear GA careerist (as in, somebody who is clearly making light GA instructing their career, and not a stopgap) there's very little work. If you have got 4-figure light aircraft hours across a wide range of types there probably is still work, but very little otherwise.
G