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Photo: Saul Loeb/AFP via Getty Images

President Trump's approval rating hit 49% in Gallup's tracking poll, his highest rating in that poll since taking office.

Why it matters: The president's approval reached its peak despite the fact that the poll was conducted from Jan. 16 to 29 — amid his ongoing impeachment trial in the Senate.

  • His approval rating increased thanks to a jump in support among Republicans (94% approval; up 6% since early January) and independents (42%; up 5% since early January).
  • Only 7% of polled Democrats approved of his performance.
  • 50% of Americans disapproved of Trump, while just 1% expressed no opinion.

Of note: The 87-point gap between Republicans and Democrats on Trump's approval is the largest partisan gap Gallup has measured for any president's approval rating.

The big picture: Beyond impeachment, Trump's recent military engagement against Iran and his administration's progress on trade agreements may have helped his ratings.

  • 53% of those polled approved of killing Iranian Gen. Qasem Soleimani.
  • Confidence in the economy is also at its highest point since 2000, according to another Gallup poll.

Methodology: This survey is based on telephone interviews conducted January 16–29, with a random sample of 1,033 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia. The margin of sampling error is ±4 percentage points at the 95% confidence level.

Go deeper ... Poll: Majority believe Trump abused power and obstructed Congress

Go deeper

Erica Pandey, author of @Work
1 hour ago - Economy & Business

What's really going on with the labor market

Source: YCharts

The labor market is showing some signs of improvement: Jobless claims fell to 730,000 — a dramatic drop from 841,000 the previous week. And the latest jobs report showed a pandemic-era low unemployment rate of 6.3%

But, but, but: That's not the full story, experts say.

Felix Salmon, author of Capital
1 hour ago - Economy & Business

Markets see rare convergence milestone

Expand chart
Data: YCharts; Chart: Axios Visuals

A milestone was reached in the markets Thursday: The yield on the 10-year Treasury note rose to match the dividend yield on the S&P 500

Why it matters: The two yields have been inverted since the beginning of last year, which is historically unusual.

Mike Allen, author of AM
2 hours ago - Economy & Business

First look: Business puts muscle behind Biden

Business Roundtable, the voice of America's top CEOs, today launched "Move the Needle," a campaign to support President Biden in rolling out COVID vaccines, increasing vaccine uptake and encouraging masks.

What they're saying: "Masks and vaccines are working. Now is the time to keep at it, overcome pandemic fatigue, and double down on the measures that will end this public health and economic crisis, said Business Roundtable president and CEO Josh Bolten.