For the past eight months President Obama’s job approval rating has been steadily improving while his disapproval numbers have fallen by a similar amount, according to Gallup’s tracking. From Gallup:

Trend: Job Approval of President Barack Obama

The turnaround for Obama’s approval started in mid 2011 and closely mirrors the same turnaround in economic confidence that began in mid 2011. From Gallup:

Gallup Economic Confidence Index -- Monthly Averages

The economy is not improving rapidly, but as long as the economy is at least steadily improving, I suspect Obama’s job approval will continue to go up. It is still all about “the economy stupid.”

The big question is whether the economy, particularly jobs growth, stalls out in the next few months. For awhile it looked like the economy was heading in the right direction, but a bad jobs report last Friday could be a serious warning sign for the economy and by extension President Obama’s re-election prospects.