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.
Approach to joint income tax assessment 'doesn't seem fair', says MHK
Currently only married couples or those in civil partnerships qualify
Mountain Road to close for maintenance work
Route will be shut for 10 days
Campaigners call on government to rethink social media stance following 'landmark' US ruling
Addictive qualities of certain apps prompt concern amongst parents
Retiring clerk says local authorities carrying out 'innovative work' in communities
Phil Gawne is leaving Arbory and Rushen Commissioners after 10 years in post
Beekeeping association to mark centenary with art trail
Proceeds will help fund the group's community apiary