First thing is that some press around external "rubber" dust seals are fixed to the axle by having a hex shaped ID meant to snug around the axle's lock nut. So if this style is yours then it not spinning with the wheel is correct. But a small drop of oil at the outer edges will usually lube the contact and quiet the squeak. We do this often on bikes we sell and service.


If the QR closing changes the way things spin then something might be wrong. Like a too tight bearing adjustment. You might wish to be more concerned about this potential. Andy