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.
MHK accuses government of bypassing Tynwald with major policy reveals
Lawrie Hooper says revealing major initiatives, including an AI development office, at the annual conference undermines parliamentary process
Observe seal pups from a distance to give them the best chance of survival
Manx Wildlife Trust reveals it's received a report of a seal pup being touched
Rates consultation extended as impact assessment updated
Process will now close on Friday 31 October 2025
Interactive exhibitions to focus on 2025 Strategic Plan Review
Share your views at Ramsey and Castletown Town Halls