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.
Island prepares for Lord of Mann's first visit since ascension
King Charles to undertake series of engagements
Onchan Commissioners says DoI 'neglecting' road sweeping duties in village
It was one of the topics discussed at its latest public meeting
Arts 'more than a nice to have'
Arts Development Manager hails importance of funding arts projects
Event hopes to help women on the Island feel more confident voting
'Poli-chics' is being organised by The Level Up Club