Wolves have had a rather inconsistent start to the new campaign, and they currently sit in 10th place in the Championship table, having won three of their opening nine games.
Jackett's side have had to deal with losing Bakary Sako and Richard Stearman over the summer, while a serious injury to Nouha Dicko has disrupted their attacking line-up.
And Jackett says that he is still searching for new leaders in his side, even after seeing them beat Fulham 3-0 in their latest outing.
"It is still early and we have been searching for the right balance and the right combinations," Jackett admitted.
"To a degree also some new leaders because we have had a little bit of a turnover of players.
"There are signs of our young players improving and doing well and if they can keep concentrating and keep improving they have very good futures ahead of them."
Wolves' late surge up the table last season gave them plenty of momentum going into the campaign, but it also increased expectations around Molineux.
So far, Wolves haven't quite matched their supporters' ambitions, but they are rapidly improving and have key players coming back into the fold.
The return of Danny Batth from injury should be a major boost, while Sheyi Ojo and Adam Le Fondre both seem to be hitting top gear, after joining in the summer.