Wolves have been in woeful form of late, and they lost 4-1 to Sheffield Wednesday in their most recent outing on Sunday afternoon.
The defeat at Hillsborough has left Wolves sitting in 17th place in the Championship table and Jackett admits that he is concerned about his side’s run of results.
"This is a worrying slump but going forward I feel we have quite a lot which is a bonus," he said.
“Our players’ decision-making and leadership during the game when different things happen is something that I question.
“I don’t question their attitude, their application or their desire to do well for themselves and for the club is definitely there and that is a very good thing."
Wolves were tipped to be one of the contenders for promotion before the season started, but any chance of them breaking into play off looks to have evaporated now.
Jackett’s men are now nine points away from the play-off spots and they have won just one of their last eight matches.
Against Wednesday, Wolves actually took the lead when Benik Afobe scored from the spot, but any hope that they might have taken all three points was quickly extinguished.
Wednesday responded quickly through Fernando Forestieri and they never let up, as they went on to score another three goals.
The defeat leaves Jackett under serious pressure, with sections of Wolves’ support starting to actively call for him to be sacked.