President Obama this morning warned of  "ups and downs" on the road to economic recovery, despite news that the U.S. economy added more than 100,000 jobs last month. That number, however, fell below what forecasters had expected, and trailed the more than 200,000 new jobs created in January and February.

"We welcome today's news that our businesses created another 121,000 jobs last month, and the unemployment rate ticked down," the president said at the White House Forum on Women and the Economy. "But it's clear to every American that there will still be ups and downs along the way, and that we've got a lot more work to do."

The unemployment rate dipped to 8.2 percent in March, the Labor Department announced Friday.

"Right now, no issue is more important than restoring economic security for all our families in the wake of the greatest economic crisis since the Great Depression," the president stressed.