Joe Biden's approval rating on economy rising among US voters

The number of American voters who approve of Joe Biden’s handling of the economy is rising, but concern over inflation, including rising fuel prices, could derail his re-election bid, according to a new poll, Report informs referring to the Financial Times.

The latest monthly poll conducted for the Financial Times and the University of Michigan’s Ross School of Business found that 41 percent of registered voters said they approved of Biden’s handling of the economy. That is a five-point jump from a month earlier, when just 36 percent said they approved, and the highest approval rating since pollsters began asking the question in November.

Biden’s overall approval rating has climbed to 43 percent, four points higher than in March and another record high since the monthly poll started. But while Biden has improved his standing with younger voters, women, independents and Black and Hispanic voters, in particular, since last month’s poll, it highlights warning signs for the president.

The poll found 41 percent of voters trusted Donald Trump more than Biden on the economy against 35 percent who preferred the president. Sixteen percent of registered voters said they trusted neither man to handle the economy. At the same time, the poll showed inflation continues to weigh on voter sentiment. The latest official data, out last week, showed a 3.5 percent increase in consumer prices for the year to March, higher than economists had expected.