What way would you suggest to layout (locate) Jbuttons and Jlabes in java in the fashion depicted in the picture below? Is there any tool for visually being able to place the components on a form in Java, rather than specifying the component locations in the code one by one.
Thanks
I am using eclipse

You can use Swing GUI Builder for visually layout component.
For Eclipse you can use WindowBuilder. Look for Installation guide with update site of eclipse. Also take a look at the Tutorial.