Yes, but please consider that one of the top reasons dogs are turned into shelters is because a busy family purchases a puppy for their children and does not have enough time for training or caring for the dog.
LOLIN recommends mature dogs for families with young children.
It can take up to three years before some Labs mature. Please take the age and energy level of the dog into consideration when you have young children in your home.
Labs make great family dogs, but puppies and very young dogs are often better suited to homes with older children who are less likely to be knocked down or overwhelmed by the size and energy of a young Lab.
Adding a Lab to a home with children is like adding another child. Are you ready for this additional responsibility?