Use Repeater component to create Labels
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<?xml version="1.0"?>
<mx:Application xmlns:mx="http://www.adobe.com/2006/mxml" xmlns="*">
<mx:Script>
[Bindable]
public var myArray:Array=[1,2,3,4];
</mx:Script>
<mx:ArrayCollection id="myAC" source="{myArray}"/>
<mx:Repeater id="myrep" dataProvider="{myAC}">
<mx:Label id="Label1" text="This is loop #{myrep.currentItem}"/>
</mx:Repeater>
</mx:Application>
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