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.
Isle of Man Medical Society warns against elective surgery cuts following leaked Manx Care email
Health workforce body urges Manx Care to reconsider reductions, citing risks to patient care and service backlogs
Noble's Hospital main entrance to remain closed following RTC
Patients advised to use Emergency Department entrance
New Balthane Roundabout 'long overdue' say residents at drop in meeting
The Department of Infrastructure plans to have a one way whilst work is carried out
Law firm for Summerland campaigners to challenge AG’s inquest decision
Phoenix Law claims Walter Wannenburgh applied the wrong legal test when turning down request for a new inquest
Manannan's Belfast arrival delayed due to another vessel occupying berth
9.45am arrival docked just before 11am