UILabel Help

Hello, I am new to iOS development/XCode/Interface Builder etc and could use some help.

I'm basically filling out a simple view. The view is just tall enough to hold some labels: 'Name' '[Name Value]' 'City' '[City Value]' etc.

I'm struggling to get them to size appropriately. I've built the view in a xib, with the Labels going across the view.

What happens is when I use the simulator, the sizes of the labels don't adjust to fit the name/city that are set programmatically. So if in IB the name value label is set to this big: [...................] and the name is short, it doesn't shrink the label like [Name], instead it looks like [Name..............]. So rather than being a fluid bar with name/value labels, it has spaces and looks bad depending on the length of the name.

A shorter name might look like this:
'Name Costanza............City New York'

A longer name might look ok because it just gets close to the set length:
'Name George Costanza City New York'

When the name is really long, it overlaps Costanza and City.

I cannot for the life of me figure out how to have these labels size to fit their text. Is there an easy way to do this?

Thanks for guidance.