Unemployment fell back below the 1000 barrier last month, dropping to 970.
Last month's figure was a 13-year high, but February saw a year-on-year decrease for the first time since August 2008.
It means 2.3% of the economically active population is unemployed.
Treasury Minister Allan Bell says the figure is encouraging.
Warning of mass exodus of Manx police officers
Chief constable discusses recruitment and retention with Tynwald committee
Amber weather warning issued for Tuesday
We're being told to expect significant overtopping of waves
New school planned for Park Road brownfield site
It's been derelict since the former St Ninian's Lower School was demolished in 2013
Immigration focus of Positive Action Group meeting tonight
Talk will be held at the Manx Legion Club at 7pm
