Rate of hiring slowed in July

Despite a July employment report indicating more than 100,000 jobs were added to the nation's payrolls, The Conference Board says the rate of hiring fell last month.

According to its latest Employment Trends Index, job growth is down 0.3 percent compared to June, with overall production increasing marginally.

"The [ETI] has declined in three of the past four months and is signaling employment growth of less than 100,000 per month through the end of 2011," said Gad Levanon, associate director at TCB. "There is simply not enough growth in production to warrant stronger hiring."

Jeffrey Joerres, chairman and CEO of the staffing company ManpowerGroup, said this has been compounded by employers having difficulty finding potential employees with the right skillset to match job openings.

While job seekers may not be able to change what employers are looking for in applicants, they may be able to increase the likelihood they're hired by having clean credit. Individuals with bad credit often consult with a credit repair company, but consumers with a stellar rating do as well. Advisors may be able to help spot any inaccuracies in their report that's preventing a score from reaching perfection.