Jets and Missing Transverse Energy Reconstruction with CMS

We report on the current simulation studies regarding the reconstruction of Jets and Missing Transverse Energy (MET) with the CMS detector at the CERN proton-proton LHC accelerator. The performance of various jet algorithms is compared, when using calorimeter energy deposits as inputs to the algorithm. The plan for obtaining jet energy corrections is outlined and data-driven correction methods are described. Finally, the performance of MET reconstruction is summarized.