Obama leads 49 to 46 percent, according to the poll. That’s a 5-point swing from the same poll in May that showed Romney leading 48 to 46 percent. The race in the Tar Heel State has been volatile: Obama led by 7 points in the April PPP poll.

The Real Clear Politics average of polls shows Romney leading Obama 48 to 47 percent in North Carolina.

Both candidates are underwater on their favorability ratings, with Obama at 48 percent approval and 49 percent disapproval, while Romney's numbers are 42 percent positive to 50 percent negative. That’s a drastic improvement for Romney, who was at 29 percent positive and 58 percent negative in the same poll from April.

Obama has a 19-point advantage among women in the state, but that’s nearly canceled out by Romney’s 16-point lead among men.

Romney has made big gains among independents in the state, leading Obama by 4 points after trailing by 13 earlier in the year.

 North Carolina is one of 12 swing states the president won in 2008 that the GOP is looking to reclaim. Democrats will hold the party's national convention there in September.

Obama defeated Sen. John McCainJohn Sidney McCainArizona race becomes Senate GOP’s ‘firewall’ Trump administration weakens methane pollution standards for drilling on public lands Another recession could hit US in 2019, says credit union association chief MORE (R-Ariz.) in the state by less than 1 percentage point in 2008, the first time North Carolina had voted for the Democratic presidential candidate since 1976.