WASHINGTON — President Barack Obama is warning that the U.S. job market will still face “ups and downs” despite news Friday that the economy added 120,000 jobs last month.

The March employment numbers were down from the more than 200,000 jobs the economy added in each of the previous three months. The unemployment rate dipped to 8.2 percent, but mostly because more Americans stopped looking for work.

The nation’s unemployment rate will factor prominently in the November presidential election. Obama says no issue is more important than restoring economic security for all American families.

Obama is speaking at a White House forum focused on the role of women in the economy.