Update readme to remove deprecated configuration 'commonLabels'.

[ah8ad3]

Part of this issue , updates the README file from commonLabels to lables.

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[k8s-ci-robot]

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/lifecycle stale

[k8s-triage-robot]

The Kubernetes project currently lacks enough active contributors to adequately respond to all PRs.

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/lifecycle rotten

[stormqueen1990]

/remove-lifecycle rotten /cc

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[antoooks]

/ok-to-test