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.
DoI to move to monthly dredging in order to protect harbour depth
Significant work to be undertaken first by specialist contractors
Oie Voaldyn: 'Our event is not cancelled'
Claims someone is trying to sabotage event by issuing fake cancellation messages
Last chance to enter 2026 Parish Walk
Deadline for this year's event looming
April: 'Warm, dry and sunny' says Met Office
14.1 hours of sunshine recorded on 29 April