Pao also promised to improve communication between the website and its community of users. Some users and moderators of the popular discussion site have been up in arms by Pao's decision last week to let go a top executive who was popular with Reddit users.
"Today, we acknowledge this long history of mistakes. We are grateful for all you do for reddit, and the buck stops with me," Pao said in a statement posted on the site. - Referenced Article
U.S. unemployment fell to 5.3%, its lowest level since April 2008, according to the latest government data released Thursday.
It was an even healthier rate than many economists predicted and brings America back to a rate last seen before the financial crisis. Hiring remains robust: the U.S. added 223,000 jobs in June.
Thursday's news was slightly below the prediction from CNNMoney's survey of economists, which projected there would be 235,000 jobs added. - Referenced Article