I figured out what was wrong. My Keylab 88 was in some kind of firmware update mode. I plugged the Keylab into a PC and ran the MIDI Control Center software and did a firmware update using the latest firmware (v 1.0.0.17). The firmware uploaded and told me to do a reset (Octave Up and Octave Down and power on/off) and it is now working. I guess mine must have slipped past the guy who tests these things at the Arturia factory.
Either way, I'm now up and running.