Status in essence is a label, yet they are implemented slightly different.
https://resource.dopus.com/t/multiple-labels/26899/4
Status can stack easily on UI while normal labels must be programmatically stacked.
Also note, labels (and status) have ID. If you want to synchronize labels, make sure they have the same ID on all your computers.
https://resource.dopus.com/t/label-and-status-assignments-break-when-sharing-between-two-computers/25741