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.
90% of the taxi operators did not want any increase
Isle of Man Unite Taxi Branch welcomes RTLC decision not to increase fares
Charity collecting funds for DEC's Myanmar earthquake appeal
One World Centre volunteers will be in Douglas this weekend
Ministers back most student funding reforms, but budget constraints remain
Government accepts majority of PAC recommendations, but warns affordability must guide implementation timelines
Keep your dogs on a lead to protect livestock, warn police
Officers say even a well-trained dog can instinctively chase sheep
Film which focuses on Vagabonds Ladies rugby team shortlisted for award
Winners will be announced at a ceremony in London later this month