A spindle motor for a hard disk drive having a stationary component with a first bearing surface, and a rotating component with a second bearing surface located in opposing relationship with the first bearing surface. The first and the second bearing surfaces form a hydrodynamic bearing. A bearing gap is formed between the first bearing surface and the second bearing surface, the bearing gap being filled with lubricating fluid. An oil-free recess is provided in the motor for placement of electromagnetic components of the motor. The stationary component is provided with a first set of seal surfaces, and the rotating component is provided with a second set of seal surfaces. The seal surfaces of the first set are located opposite the seal surfaces of the second set and form a labyrinth seal sealing the bearing gap from the oil-free motor recess.