Derek the chain will be loose while the bike is on the centre stand. There is a thread here that deals with how to adjust your chain.
You need to have the bike sitting on its wheels and get someone to sit on the pillion seat and then check the chain, it tightens as the suspension compresses.
If the chain was jumping while you where riding the bike the chain would have to be horribly loose or the sprockets totally worn out.
You also need to check the cush drive, it can not actually jump unless it has come loose and if that is the case it needs fixing immediately.