Yes the skill continues to be used towards your pro standing and if it contributes enough towards that pro standing to keep you at a high enough lvl than it will remain unlocked. If not the skill will turn red and you will no longer get any skill gains in it. However, you can still chip in that skill even if it is red, which I thought was really cool. I had unlocked serendipity and chipped out most of my combat skills but I can still chip more in to contribute towards other professions.
Emery
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