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.
Steam Packet cancels Friday evening sailings
It is due to adverse weather forecast
Emergency road closure at Ramsey Hairpin
Dangerous tree to be felled
The smartphone Christmas present dilemma
As Australia bans social media for under-16s, Manx parents discuss whether a smartphone is an ideal gift
"Ramsey and District Cottage Hospital is not at risk of closure"
Manx Care insists relocation of services is only temporary
