A label control is like a text box in that it is designed to show text . Unlike text boxes labels are read only meaning the label can display text but they cannot accept text . This also means a label cannot accept the focus .
The text in the label is set in the Caption property , you can make a character in the caption an access key by placing the & (ampersand) in front of it . W£hen the user selects that access key the focus is moved to the next control in the tab order , this is primarily used if you want to give access keys to controls like text boxes that do not have captions .
Properties

A lot of these properties you will not use but here are some of the most used ones.

Name :- this is the name of your label , the prefix is lbl.
Caption :- this is the actual text you will display in your label.
BackColor/ForeColor :- this sets the color of the background / and the color of the text displayed respectively.
Font :- sets the type of font to be used in your text.
AutoSize :- this resizes the label to display its contents , so the text will always fit in to it
WordWrap :- this determines whether a control will expand to fit in the text , when this is set to true and so is the AutoSize property the label expands vertically (downwards) but if the AutoSize is set to false the label expands horizontally (sideways).

Events

These are the standard events for controls but you will have noticed there is no Key() events , this ties in with a label not being able to receive the focus.

Methods

Label control also has some methods but you probably will never use them , here they are ,