Entering 2012, President Barack Obama's re-election prospects are essentially a 50-50 proposition, according to a new Associated Press-GfK poll. It found that most Americans say the president deserves to be voted out of office even though they have concerns about the Republican alternatives.

Obama's overall standing in the poll suggests he could be in jeopardy of losing re-election even as the survey showed that public's outlook on the economy appears to be improving. For the first time since spring, more people said the economy got better in the past month than said it got worse. The president's approval rating on unemployment shifted upward - from 40 percent in October to 45 percent in the latest poll - as the jobless rate fell to 8.6 percent last month, its lowest level since March 2009.

But Obama's approval rating on his handling of the economy overall remains stagnant: Thirty-nine percent approve and 60 percent disapprove.

Heading into his re-election campaign, the president faces a conflicted public. It does not support his steering of the economy, the most dominant issue for Americans, or his overhaul of health care, one of his signature accomplishments, but it also is grappling with whether to replace him with Republican contenders Mitt Romney or Newt Gingrich.

The AP said that the poll found Americans were evenly divided over whether they expect Obama to be re-elected next year.

For the first time, the poll found that a majority of adults, 52 percent, said Obama should be voted out of office while 43 percent said he deserves another term. The numbers mark a reversal since last May, when 53 percent said Obama should be re-elected while 43 percent said he didn't deserve four more years.

Obama's overall job approval stands at a new low, with 44 percent approving and 54 percent disapproving. The president's standing among independents is worse: Thirty-eight percent approve while 59 percent disapprove. Among Democrats, the president holds steady with an approval rating of 78 percent while only 12 percent of Republicans approve of the job he's doing.