I've been in your position before. Well, sort of. At the time, I hated seeking advice and getting responses along the lines of, "Well, that sucks. But just make the most of it." But there's really something to that advice. Make the most of it, and in the meantime, conduct a job search.
The good news is that you're an engineer! I cannot possibly overstate what an advantageous position that puts you in with respect to 99.99% of job seekers on the market. If you were anything else——a salesperson, a marketer, a corporate strategist, or what have you——your situation would be a lot thornier than it is. At least take some solace in that your line of work is in high demand.