Filter blog post by category on the admin side?

From the admin side of a blog is there a way to filter post by categories? I've noticed there is away to filter the options by draft, schedule, and published. But can I filter by Categories? 

Example within one blog I may have two Categories, Updates and Art

Is there a simple way for me to filter those on the admin side to make managing them alot easier? A special search command or something maybe? 

Thanks for any help it's greatly appreciated!