I've noticed it before and just put it in the header (the reports that I was building it didn't matter where it was) I'm now replicating old Access reports and there's no room in the header.
Ok so I just tried moving it back from where I stuck it in the header and re saved it and it's now working.
I did a test though and created a second label with the same content in the footer (not a clone) and got the same page 1 of moving it to the header it ends in the hash cookie #pages# moving it back to the footer which fixed the other one didn't work, however cloning the original that's working now works either top or bottom.
Since it's displaying now I'm going to consider it fixed for the moment