I would estimate that an instructing job is about as hard to find right now as an airline or GA job.
People graduating into the stagnant market of the last 18 months have often taken a FI rating as a proactive measure. Leading to a glut of newly minted instructors just at a time when PPL schools face a drop in students due to the Sept11th effect coupled with a worsening economic atmosphere.
Factor in a rise in prices passed on through spiralling fuel and insurance costs and the picture is not at all pretty.
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