As President Joe Biden continues to push his economic agenda, a majority of voters remain pessimistic about the state of the economy, according to a new CNN poll released Thursday.

The poll found 51% of respondents say the “economy is still in a downturn and conditions are continuing to worsen,” compared to 48% of voters who are more hopeful.

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According to the poll, it appears Bidenomics is failing to resonate with most voters even though record inflation has decelerated and the economy continues to add more jobs. Despite the improved conditions, Americans are not buying the White House’s political message that Biden was responsible for bettering the economy.

Only 37% of poll respondents approved of the president’s handling of the economy, whereas 63% disapproved. Additionally, 30% approved of his handling of inflation and 70% disapproved.

While Biden continues to tout his own efforts in reducing the national economic crisis, public perception along with voters’ financial pessimism could affect his 2024 reelection chances. Biden’s overall approval rating comes down to 41% in support and 59% at odds with the president.

The CNN poll was conducted by SSRS from July 1-31 among a sample size of 1,279 adults nationwide. The poll had a margin of error of 3.7 percent.

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In the last year, inflation fell from nearly 9% to just under 3% this June. The unemployment rate is just 3.6%, and the economy has added an average of more than 278,000 jobs per month this year.

However, certain parts of the country, such as California, have seen an unwelcome return to $5 gas prices as the president continues his Investing in America tour this year.