Well... not literally.
The numbers are in for the U.S. Census, showing that we have slowed in population growth, which is something that happens during recessions and depressions.
Here's what it means to Arizona:
Census Results: 1 More Congressional Seat
Now, for some economic data. It's not all bad for Arizona, however if you're in the public education sector (particularly K-12) then you are in for a world of hurt.