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.
Immigrants 'must provide benefit not increased costs'
Chief minister says there's work to be done on migration
Sidecar competitor says 2026 TT schedule 'a positive one'
New format was announced earlier this week
Island not part of UK's emergency alert system test
The alert is expected to be sent to compatible phones and tablets at 3pm
Watch the lunar eclipse tonightÂ
The moon will rise 'totally eclipsed' from 7.45pmÂ