I'm sure it exists, but is there a way to set a point layer to have no symbology. This works best for cities as you just want to display the name, and not necessarily show the location. The way I do it now, is by picking a symbol and making the fill and outline to have "no color"
Go to the Layer Properties dialog Symbology tab and click on the Symbol. On the Symbol Selector dialog click Properties.
Then uncheck the symbol on the layers list at the left.
Click ok until you close all the dialogs.
Another option would be to assign layer display transparency to 100 percent.