Folder structure in wCMS

Hi -

Is it possible to create folders in the wCMS module, to allow for organisation of pages in the CMS Cockpit? Right now, we have a small number pf pages but are starting to use different labels to organise them in the site structure - can we create folders to organise them similarly in the wCMS view, so that when we have a larger number of pages we don't just have to view all of them flat in the Cockpit?

Many Thanks!