@MatthewMinick I'm glad to hear that it is better, but if you are comparing to ArcMap and noting that draw time in Pro is slower, we would want to get this example to the team to investigate.
We have your 'can you run it' specs from the earlier comment. In order to understand if the performance may be impacted by the machine's limited dedicated video RAM, would you be able to share a map package? If your map was originally created in ArcMap and you imported it into ArcGIS Pro, could you share the mpk from ArcMap?
If it was created in Pro, would you be able to create a handful of bookmarks at different scales that demonstrate different labeling densities, record the times you're seeing for labels to draw for each respective bookmark, and send us those stats along with the mpkx? You can email me at kkramer@esri.com.
Thanks