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Houston, Texas (AP) — Raising campaign cash in Republican territory, President Barack Obama on Friday hailed a rebounding economy and accused Republicans of banking on voters having “amnesia” about the steps that led to a brutal economic collapse.

“The recovery is accelerating. America is coming back,” Obama told 600 supporters at a Texas fundraiser.

Bidding for re-election, Obama bounded between a rally-style event in a sprawling Rolls-Royce manufacturing plant south of Richmond, Va., to a pair of Houston fundraisers. Framing the trip: a new monthly jobs report showing employers 227,000 jobs in February, the latest sign that the economy is headed in the right direction.

Every month’s jobs report is seen as a barometer of the economy and an important factor in the presidential race. The unemployment rate held steady at 8.3 percent, the result of more Americans looking for work as job growth takes hold month by month.