True, the jobs report comes out tomorrow. (Publication schedule: https://www.bls.gov/ces/publications/news-release-schedule.htm) When it does it will stretch the red line in the second graph one more month to the right. That next increment of data will likely be up or down just a hair from the previous one, and there'll be a small burst of news coverage speculating what that means. Meanwhile the bigger-picture story here— the one that's not being reported much— is already at least 5 months old (visible from comparing the graphs) and growing bigger.