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.
Backlash as signposts installed ahead of 20mph rollout
But signs 'could be 20mph or 30mph', says DoI
Late TT rider's daughter creates book for other children experiencing griefÂ
2025 TT marked six years of Daley Mathison's tragic death
Port Erin Commissioners lease to Reayrt Vradda glamping site to be 'disclaimed'
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In it for 'The Long Hall': Fellow officers take on 212km challenge in memory of colleague
Friends of Stephen Hall to cycle 212km from Warrington to Ballaugh on Monday