No. They just shed a lot, all the time really, sometimes more sometimes leass seasonally, and grooming won't help. Get a really good brush and commit to brushing often. I like the Furminator:
https://www.furminator.com/products/deshed/dog/undercoat-deshedding-tool-large-dog-short-hair.aspx
It's also worth getting a good robot vacuum.
I don't think it makes my dog shed any less, but she does get fish oil (VRS Canine Omega Benefits) on the advice of my vet as well as raw or cooked pastured eggs every day or every other day, and she is always getting compliments on how shiny her coat is.
Congrats on your lab! Where did you get him/her?