Repeat jQuery JSON request until condition is met

I am trying to repeat a JSON request in jQuery to check the status of a video encoding job until it is completed. "Processing" would be displayed until the job is finished, at which point the video will be displayed.

Would a loop, checking every x seconds to see if "status" equals "finished," be the best solution for this? If so, how would I break free from this loop when the job is finished?

The JSON response while the job is in progress will be nothing more than "processing," when it is finished it will contain things such as the job ID, width, and height.

Any help would be appreciated, thanks!

UPDATE

Here's my final solution thanks to Felix:

var checkStatus = function() {
    $.getJSON('json-data.php', function(data) {
        if (data.status != 'finished') {
            setTimeout(checkStatus, 2000);
        } else {
            //Sample code to run when finished
            $("#statusText").text("Job Complete");
            $("#dimensions").text(data.width + 'x' + data.height);
        }
    });
};

checkStatus();