PhotoWhile personal incomes pretty much stayed the course in December -- rising less than 0.1% -- personal consumption expenditures (PCE), or consumer spending, jumped 0.4%.

In dollar terms, that works out to an income increase of $2.3 billion and a PCE rise of $44.1 billion.

Disposable personal income (DPI) -- personal income less personal current taxes -- decreased $3.8 billion, or less than 0.1 percent.

Wages and salaries

Private wages and salaries increased $0.7 billion in December, after surging $35.0 billion in November. Payrolls of goods producing industries' increased $4.2 billion last month, with manufacturing payrolls accounting for $2.7 billion of that.

Services-producing industries' payrolls fell $3.6 billion, while government wages and salaries increased $0.9 billion.

Personal spending and savings

Personal outlays, which are made up of PCE, personal interest payments and personal current transfer payments, were up $42.0 billion in December. PCE increased $44.1 billion.

Personal saving -- DPI less personal outlays -- took a hit last month , falling to 3.9% from 4.3% in November. Put another way, consumers salted away $495.2 billion in December, compared with

$541.0 billion in the month before.

The complete report can be found on the Bureau of Economic Analysis website.

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