No one's shopping if they don't have a job -- or such is the fear of investors today, who have sent retail shares plummeting on the back of today's dismal jobless data. The S&P Retail Index fell 4% to 309.38 in afternoon trading, with almost every single retailer awash in red, as more jobs were lost in June than were expected. The sector was led down by Rite Aid ( RAD), which posted a .6% decline in June same-store sales earlier in the day. Shares of the drugstore plunged 10% to $1.39 in afternoon trading. If there was a winner in this gloomy day, Walgreen ( WAG) would be it. The company reported better same-store sales of 3.4%, but shares still tumbled 2% to $28.88. Another big loser was OfficeMax ( OMX), which tanked 10% to $5.75, while rival Office Depot ( ODP) also fell 8% to $4.20. In the discount sector, Target ( TGT) sank 4% to $37.30 in afternoon trading, while retail giant Wal-Mart Stores ( WMT) slipped 1% to $48.01. The only retailer in the green was, oddly enough, New York & Company ( NWY), which gained 2% to $3.23. Other women's apparel retailers weren't so lucky. AnnTaylor Stores ( ANN) declined 7% to $7.77, Chico's FAS ( CHS) shed 7% to $9.20 and Coldwater Creek ( CWTR) dropped 3% to $6.33. Talbots ( TLB) also fell 8% to $4.98 after the company announced the sale of its J.Jill chain was complete. Earlier in the month, the company said it would sell its flailing J.Jill brand to private-equity firm Golden Gate Capital for $75 million.