text: I see a couple of problems:
  
  1-It's mis-tagged: place=locality is for unpopulated places. Based on the population this should probably be tagged as place=village.
  2-It's missing a place=* node, which is generally where the labels come from for populated places (see http://tools.geofabrik.de/osmi/?view=places&lon=-122.53207&lat=40.02809&zoom=11&overlays=megacities,largecities,cities,towns,villages,hamlets,islands,suburbs,neighbourhoods,farms,isolated_dwelling,localities,municipalities,errors_unknown_place_type,errors_population_format,errors_place_without_name,errors_pop_type_mismatch,population )