The latest Nielsen poll suggests Labor's popularity has fallen to a near-record low.

The poll, published in today's Fairfax papers, says the ALP's primary support has fallen to 27 per cent, a drop of seven points in the last month.

The Coalition's primary vote is 47 per cent, up three points.

Labor's lowest primary vote in the Nielsen poll was 26 per cent, recorded last July.

On a two-party basis the Coalition is leading Labor 57 to 43 per cent.

Despite Opposition Leader Tony Abbott's approval rating dropping slightly, he is still more popular than Prime Minister Julia Gillard

Mr Abbott's approval rating dipped two points to 39 per cent, while Ms Gillard's was steady at 36 per cent.