try :
$LAB.script("jquery/jquery.js").wait(function () {
if( window.jQuery ) { //is jquery loaded
$("p").css('color','red');
}
});
OR
$LAB.script("jquery/jquery.js").wait(function () {
$(document).ready(function() {
$("p").css('color','red');
}
});
See more:: LABjs Doc