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.
Manx Care's 'Home First approach' sees high demand
Healthcare body publishes its annual report
Former church could be converted... back to church
It was added to the Protected Buildings Register in 1984
Manx Concert Brass heads west
Free concert in Peel Cathedral from 7:30pm
Isle of Man set for Remembrance Sunday
Services will take place around the Island