I get my hair cut at Bang, where a cut and blowdry run in the $30 range, not one of the expensive Georgetown salons. If they have a lot of openings, it means that people are cutting back on getting their hair done entirely, not merely finding a less pricey place to do it. I'm told that hairdressing has long been thought of as a countercyclical good. Not any more, apparently.
This article available online at:
http://www.theatlantic.com/business/archive/2009/03/department-of-non-leading-indicators/7107/
