As President Joe Biden launches his reelection bid, his approval rating stands at a record low of 37%.
This is the lowest Gallup has ever measured for Biden, who has seen his approval rating mostly hover in the low 40% range for the past 19 months.
The current approval rating is derived from an April 3-25 Gallup poll, which concluded on the day Biden announced his reelection plans.
The rating has dropped three points since March and five points since February.
Biden’s ninth-quarter average approval rating now stands at 39.7%, marking the lowest point in his presidency.
Among post-World War II presidents, only Ronald Reagan had a lower ninth-quarter average.
In the latest poll, 83% of Democrats, 31% of independents, and 4% of Republicans approve of Biden’s performance.
The president’s ability to win over independent voters will be crucial to his reelection prospects.
A key factor in Biden’s declining approval ratings is the negative perception of the U.S. economy.
Gallup’s Economic Confidence Index for April is -44, down from -38 in March.
The index comprises Americans’ evaluations of current economic conditions and their outlook on whether the economy is improving or worsening.
In the recent survey, 16% rate the economy as excellent or good, while 37% say it is only fair, and 47% view it as poor.
A recent Emerson College poll shows Biden narrowly leads former President Donald Trump 43% to 41% in a hypothetical 2024 matchup.