Two polls released Monday (from Quinnipiac University and CNN/SSRS) put President Trump's approval rating below 40%, despite Americans' satisfaction with strong economic growth.

Why it matters: Voters seem certain the U.S. economy is strong, but as the midterm elections approach, "a majority of voters either do not associate [the economy] with Trump, the Republican Party's leading figure, or disapprove of the president for other reasons," per CNBC. And while November is still weeks away, these figures should serve as a red flag to the administration.

Key findings:

Quinnipiac University poll:

Trump's approval dropped to 38%, down from 41% last month.

70% of those surveyed said the economy is "good" or "excellent."

Respondents gave Trump the lowest rating for honesty since he entered office — 32%.

When asked if Trump is intelligent, 51% said yes, a new low.

CNN/SSRS poll: