Barron's begs to differ.

Editor's note: Barron's has argued that if the U.S. economy were to grow at a sufficient rate, about 3.8 percent, the country would stop losing jobs. So in an article in late August, it took issue with Chief Executive's findings. Excerpts:

"Now comes a new survey from Chief Executive magazine that makes the somewhat pessimistic 'New Productivity Paradox' thesis look overly optimistic. William Holstein is editor-in-chief, and his organization regularly polls CEOs. His most recent survey is quite disturbing in its findings: CEOs, according to Holstein, are not planning to do much in the way of hiring in the U.S., regardless of the growth rate. Their focus on making the next quarter's numbers is why they feel they must continue to run their companies as lean as possible.

"Outsourcing, particularly to India, is where the new bodies will come from. Headcount increases will be in New Delhi, not in New York: 'There's a disconnect between economic growth and domestic hiring,' Holstein noted on CNBC. This is not a 'jobless recovery.' Rather, he described it as a job-loss recovery.'

"Is this an example of CEOs being too pessimistic at the bottom, just as they were too optimistic at the top? Perhaps. Wall Street itself is notorious for overhiring at market tops, and overfiring at market bottoms."