A new recirculating liquid-microjet photoelectron spectrometer for multiphoton ultraviolet photoelectron spectroscopy is described. A recirculating system is essential for studying samples that are only available in relatively small quantities. The reduction in background pressure when using the recirculating system compared to a liquid-nitrogen cold-trap results in a significant improvement in the quality of the photoelectron spectra. Moreover, the recirculating system results in a negligible streaming potential. The instrument design, operation, and characterization are described in detail, and its performance is illustrated by comparing a photoelectron spectrum of aqueous phenol recorded using the recirculating system with one recorded using a liquid nitrogen cold-trap.