Carlo Allegri | ReutersIt may not have increased by much, and it's rising from an all-time low, but for the first time during his presidency, Joe Biden's approval rating on Main Street has gone up.
The CNBC|SurveyMonkey Small Business Survey for Q4 2022 was conducted Nov. 9-Nov. 16 among nearly 2,600 small business owners.
Biden's approval rating still remains heavily partisan: Just 8% of small business owners who are Republican approve of President Biden.
"This is the first quarter of Biden's presidency where we've seen any improvement whatsoever in Biden's approval among small business owners, so it's important because it breaks the trend," said Laura Wronski, senior manager of research science at Momentive.
Small business owners are more confident this quarter than last, with the overall survey reading moving up modestly and fears of recession declining quarter over quarter.