Jack is showing its age--if its not losing any oil externally,it could be the seals on the piston are letting pressure leak by slowly...or maybe the needle valve you open to release the pressure has a groove cut in it from age,and lets pressure bleed by it..
I've had a few floor jacks that started refusing to hold a load for long,they "creep" down,on one I had,I took off the little pump piston to look at the seal,it has some oil oozing out of it,I replaced the seal with a new o-ring and found a steel ball bearing with a spring over it under the pump piston,the ball was all pitted and rusty and the spring was rusty..
I cleaned them up on a wire wheel and put it back together ,and it no longer leaked down...but I never fully trusted it,so I'd put a jack stand under the truck right away--as you should with any jack,new or not,never trust your life to a rubber seal in some import floor jack..bumper jacks are never to be trusted especially...sissors jacks like to flop over easy too...