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Trump Approval Rating at 34% Three Weeks Before Midterms, Poll Shows

Three weeks earlier than the midterms, simply 34% of US voters approve of Donald Trump, a Financial Times (FT) ballot exhibits. 

Traders betting on that vote see Republicans shedding the House. Polymarket offers Democrats a 91% probability of taking the chamber, on $16.4 million in quantity.

Jobs, Fuel and an 8-Month War Weigh on the Vote

The FT and Focaldata surveyed 2,275 registered voters on-line from October 2 to 4. Roughly one-fifth accredited of Trump’s dealing with of inflation.

More than two-thirds stated the economic system was heading within the unsuitable course. In addition, solely 1 / 4 backed his dealing with of jobs and the economic system.

The ballot opened the identical day the Bureau of Labor Statistics (BLS) reported 29,000 new jobs for September. The company additionally lower its July and August estimates by a mixed 60,000 jobs.

Energy prices type the opposite stress level.  The Consumer Price Index (CPI) rose 3.4% within the 12 months to August. Energy prices climbed 16.3% over the identical interval, with gasoline up 27.4%.

Trump launched the Iran battle on February 28, and energy has carried most of its inflation impression since. Diesel prices topped $6 for the primary time final month. Trump has weighed curbs on diesel exports to cool costs.

Support for his Iran coverage has additionally slipped, with approval on the battle down greater than 7 factors since May.

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Trump Approval Stays Low as Traders Bet on a Blue Congress

The ballot discovered 45% of voters consider Trump is making it more durable for Republican candidates to win. Last week, the Cook Political Report shifted 18 House races towards Democrats. It tasks a Democratic achieve of 9 to 19 seats.

Prediction markets line up with that math. Polymarket’s Senate contract offers Democrats a 64% probability, up 19 factors because the market opened in July 2025. Democrats overtook Republicans in that market in August.

A separate balance-of-power contract costs a Democratic sweep of each chambers at 62%. A Republican sweep sits at 9%, on complete quantity of $22.2 million.

Polymarket “Balance of Power: 2026 Midterms” Chart. Source: Polymarket

Still, Republican loyalty has barely moved. Under 70% of Trump’s 2024 voters now approve of him, down from 80% in May. 

However, 80% nonetheless plan to again their district’s Republican candidate. Trump has additionally repeated his $5,000 “Trump Dividend” promise if Republicans win.

The BLS will publish September inflation information on October 14, lower than three weeks earlier than Election Day. October figures observe on November 10, leaving the September report because the final CPI studying earlier than the vote.

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