stellair
Around these parts (currently doing a job in Arizona) the market for learning to fly seems to be holding up quite well. Nobody really knows what is going to happen next week, next month or next year.
The problem with instructing is although the number of jobs may not have changed too much, the number of people chasing those jobs has increased substantially. Most of those who had jobs on Sept 11th still have them, and are in no hurry to give them up. Those jobs which do become available are filled by the guy who has put his time in fueling planes or manning the front desk.
Things could be different for JAA instructors, or in other parts of the country, but I don't see any reason why it should be.