ZipRecruiter Inc. (NYSE: ZIP) reported a hiring slowdown across most sectors as economic uncertainty made employers reluctant to fill some jobs. Third-quarter revenue at the jobs website operator fell 31.4% to $155.6 million.

“Employers continue to take a much more cautious approach to hiring, impacting the number of job openings and the urgency with which those openings need to be filled,” CEO Ian Siegel said in a press release. “While the cyclical nature of the labor market is inevitable, the opportunity to capture share in a massive market through product innovation and technological advancement endures.”

The number of quarterly paid employers fell, though revenue per paid employer rose. ZipRecruiter had 89,668 quarterly paid employers in the quarter, down 34% year over year. Revenue per paid employer rose 4% to $1,736.

However, more job seekers are visiting ZipRecruiter’s website, with organic visits rising 43% in the quarter.

Guidance

Looking ahead, ZipRecruiter forecast a 39% year-over-year decline in revenue.

Share price

Shares in ZipRecruiter were up 0.48% to $11.46 as of 1:15 p.m. Eastern time today; they were 11.54% above their 52-week low, according to FT.com.