(Think Progress) — A new Wall Street Journal/NBC poll has bad news for President Trump on the economy.

To start, his net approval rating on the economy is down to a mere three percentage points — 49% of registered voters approve while 46% disapprove. This is a big drop from the 10-point edge he had in early May (51%-41%), and an even bigger dropped from the 16-point edge he had last July (50%-34%).

This drop of support on the economy has brought his overall approval rating to its lowest level of the year — 43% — according to the Wall Street Journal. At the same time, 55% said they disapproved of Trump.

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