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.
MiCard users advised to take money out before the end of the year
Cards are 'hardwired' to stop working from 1 January
'Nothing else could have been done' to save some small fish at Clypse Reservoir
Manx Utilities confirms some died during draining process
'Come back to the table,' says DOI minister
Bus drivers on the IOM have voted in favour of industrial action
Consultation seeks feedback on changes to IOM first time buyer schemes
Proposals include adjusting thresholds and reducing residency requirements