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.
Future of Cummal Mooar to be discussed this week
DHSC to meet with stakeholders to determine next steps for residential home
Bishop thanks Manx public for 'enveloping cloud of love' during journey through grief
Tricia Hillas says she wanted to share her story publicly as grief can feel 'very isolating'
Parliament Street closed to vehicles due to suspected gas leak
Isle of Man Energy undertaking repair works in Ramsey
Amber weather warning in place tonight
Strong winds to combine with high tide
