Staples is the largest office-supplies retail chain in the country, and has more than 1,900 locations worldwide. In that respect, the company has its finger on the pulse of the U.S. economy just as much as larger retailers Target (TGT - Cramer's Take - Stockpickr) and Home Depot (HD - Cramer's Take - Stockpickr), which both lowered guidance earlier this week.

With that in mind, I'm here to answer readers' questions: Should you buy shares in Staples? Is the company oversold at current levels, or is it too soon to step in and buy stock in this retailer?

The company posted fiscal second-quarter (ended July) results Aug. 21 that matched analyst expectations on both the top and bottom lines. Staples earned 25 cents a share, while revenue grew 10.6% year over year to $4.29 billion.

But the overall sales growth was only possible because of new store openings, as management also guided to flat to lower sales in North America the second half of the year on a comparable store basis.

While the company said that declining home sales and higher interest rates impacted consumer confidence, I believe that Staples' recent troubles remain firmly entrenched in domestic corporate spending. August showed the first monthly decline in nonfarm payrolls in four years, and I expect this trend will continue through the end of the year, led by job cuts in the financial services industry.