should we continue digging the hole outside the road ?
well, the point of creating a LABEL is useless IMO; it's a optional part (just 4 or 8 bytes) of MBR or GPT;
the snapshot above telling you: the OS will create a PARTITION first, then format it (regardless how it presenting to you on the screen)
you are ppl of new generation who are just reading icons and GUI presentation without knowledge how exactly programs/code is working ... perhaps you don't need the KNOWLEDGE
The disk label is not optional at all. Without a label you can't create a partition and without a partition you can't format. And when I say "disk label" I'm NOT talking about the name you give the drive. Try using "parted" on a Linux box and then MAYBE you'll grasp the concept.
And FYI, I've been setting up hard drives before there was a GUI to be found on both PC's and Apples.