The poor shape of the economy is affecting Americans' support of President Obama.

A recent poll conducted by The Associated Press reveals four out of five people believe the economy is in bad shape, and fewer than half of those polled believe that Obama deserves to be reelected.

Thirty-six percent called it "very poor," which was a new high in AP-GfK polling.

The poll also showed other trouble spots for the president. The survey showed a sharp move in concern about unemployment. Overall, 86 percent call it extremely or very important -- the highest level since just before the 2010 elections.

"I just think that he's not doing his job the way he should be," said Mary Perrine, a grandmother of three from West Lafayette, Ind., who told the AP she has struggled to pay her bills.

The president's overall approval rating stands at 52 percent, where it was before Osama bin Laden was killed by a U.S. special forces team on May 1.

The poll was conducted June 16-20 by GfK Roper Public Affairs and Corporate Communications. It involved landline and cellphone interviews with 1,001 adults nationwide and had a margin of sampling error of plus or minus 4.1 percentage points.