President Joe Biden’s approval rating slipped deeply underwater in the CNBC All-America Economic Survey as Americans soured on his economic leadership, lost some confidence in his handling of the coronavirus, and grew increasingly concerned about inflation and supply shortages.
Just 41% of the public approve of Biden’s handling of the presidency, compared with 52% who disapprove. The poll of 800 Americans, conducted Oct. 14-17, has a margin of error of 3.5%.
Biden’s negative 11-point net rating compared with a positive 3 points in the July survey, when 48% approved and 45% disapproved.
Behind the decline is a surge in negative views of his handling of the economy, with just 40% approving and 54% disapproving, a 7-point increase from July.
A bare majority of Americans still approve his handling of the virus, but the margin narrowed considerably. Fifty percent now approve compared with 53% in July, and 45% disapprove, compared with just 38%.