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.
'Every second counts' when responding to an emergency
Fire Service urges people to park considerately
Police appeal for witnesses following Peel Coast Road collision
Incident involved a car and a motorbike on Saturday afternoon
Spring Covid-19 vaccine rollout begins
Programme to run until July with appointments available for select groups
Child Benefit uplift comes into effect
Income thresholds increased for 'the first time in a decade'
