President Biden’s approval rating has sunk to an all-time low as he embarks on his 2024 re-election effort, a new poll shows.

The survey, released by Gallup on Thursday, found that just 37% of US adults approved of the 80-year-old president’s job performance, the lowest the polling outfit has measured since the start of his presidency. 

Gallup found that 59% of adults said they disapproved of the job Biden has done as commander in chief. 

The poll was conducted between April 3-25. It was completed on the day Biden announced he would seek a second term in office. 

Biden’s approval rating has been measured in the low 40% range for most of the last 19 months, according to the polling company, and the last time it was this low was in July 2022, when 38% said they disapproved of his job performance. 

His latest approval rating marks a three-point decline from March and a five-point dip from February.

Over the recently completed ninth quarter of Biden’s presidency –  Jan. 20 through April 19 – his job approval average has been measured at 39.7% by Gallup, which is the lowest quarterly average of his first term and lower than former President Donald Trump’s 41.6% approval rating average in the same quarter. 

Biden’s 31% approval from independents ties his lowest rating from that cohort, and is 9 points lower than it was in February.

Gallup’s survey found only 37% of US adults approve of the job Biden is doing as president.

Gallup found that Biden’s nosediving job approval numbers correspond with the increasingly pessimistic views American’s hold on the economy.

The poll found that only 16% of those surveyed rate the economy as excellent or good, while 47% describe it as poor – up from 43% who said the same in March – and 75% say it is getting worse.

Biden formally announced his bid for re-election on Tuesday, asking voters to give him and Vice President Kamala Harris another four years to help him “finish the job.”

The country’s oldest president in history made the decision to seek a second term despite polls showing that the majority of Americans, and most Democrats, don’t want him to run again in 2024. 

Biden would be 86-years-old by the end of a second term in the White House.