My local University associated flight School graduates probably 10 to 20 new CFI's every year and hires two or three of them. The rest are turned out into the great wide open world of unemployment. Most probably never even get their first job.

If your flight school will not promise you a job upon completion I would not do it. There is nothing wrong with waiting until the market gets better either. Save your money until there are students to train and jobs to be had. You might get a different opportunity in the mean time.

Skyhigh