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Aligning The Text In A Label
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The alignment options do not only apply to several elements and aligning them in respect to one another, but it also applies to the alignment of the text within a single label.
Steps to align the text in a label:

1) Select a label. You will see that the label text is aligned by default to the left (in
    its container).
2) In order to align center - press on the 'align center' icon in the 'Design Toolbar' and
    you will see that the text will be placed in the center of its container.
3) In order to align right - Press on the 'align right' icon in the 'Design Toolbar' and you
    will see that the text will be placed in the right side of its container.