Labor Day weekend will very likely be a great time to hike in the Sierra.
Late summer and much of fall tend to be warm and dry seasons in California. The farther north you go, the sooner storms tend to hit, but September is prime Sierra time regardless. High elevations of the Sierra sometimes get snow in September or October, but snowpack development often waits until November or December. One exceptional year, things were pretty dry through January. Overnighting and tackling steep slopes can become riskier in October and beyond if you happen to want to go out when a storm arrives, soon after a storm, or if a slope remains snowy for the season. Nights can be at or below freezing again as we move through August and September.
I'm not sure if you already check weather.gov:.
http://forecast.weather.gov/MapClick.php?lat=37.11159659800046&lon=-118.5309363779997#.V5UIdp9lDqAAs we move through September into fall and winter, reading the forecast discussion (from Las Vegas, Reno, Hanford, and Sacramento) becomes more important, especially beyond a few days out. Mammothweather.com has discussion as well. Learning to read clouds and weather while out becomes more useful as well.